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Agricultural Output Supply And Input Demand Relationships With Endogenous Land Rents

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  • Maligaya, Arlyn R.
  • White, Fred C.

Abstract

This study analyzed supply functions for agricultural output and demand functions for factors of production for Georgia. These relationships were derived with duality theory from a normalized quadratic profit function. Land has been included in other duality studies as a fixed factor as opposed to an endogenous factor. In this study, the system of supply and demand equations was augmented with a supply equation for land, which allowed land rents to be an endogenous factor. Consequently it was possible to measure the impact of output and input prices on land rents.

Suggested Citation

  • Maligaya, Arlyn R. & White, Fred C., 1989. "Agricultural Output Supply And Input Demand Relationships With Endogenous Land Rents," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 21(2), pages 1-8, December.
    • Handle: RePEc:ags:sojoae:30113
    DOI: 10.22004/ag.econ.30113
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    References listed on IDEAS

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    1. Utpal Vasavada & Robert G. Chambers, 1986. "Investment in U.S. Agriculture," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 68(4), pages 950-960.
    2. Evenson, Robert E. & Landau, Daniel & Ballou, Dale, 1987. "Agricultural Productivity Measures for U.S. States 1950-82," Evaluating Agricultural Research and Productivity, Proceedings of a Workshop, Atlanta, Georgia, January 29-30, 1987, Miscellaneous Publication 52 50019, University of Minnesota, Agricultural Experiment Station.
    3. Appelbaum, Elie, 1979. "Testing price taking behavior," Journal of Econometrics, Elsevier, vol. 9(3), pages 283-294, February.
    4. C. Richard Shumway & William P. Alexander, 1988. "Agricultural Product Supplies and Input Demands: Regional Comparisons," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 70(1), pages 153-161.
    5. Lau, Lawrence J, 1972. "Profit Functions of Technologies with Multiple Inputs and Outputs," The Review of Economics and Statistics, MIT Press, vol. 54(3), pages 281-289, August.
    6. Ramon E. Lopez, 1984. "Estimating Substitution and Expansion Effects Using a Profit Function Framework," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 66(3), pages 358-367.
    7. Lau, Lawrence J., 1976. "A characterization of the normalized restricted profit function," Journal of Economic Theory, Elsevier, vol. 12(1), pages 131-163, February.
    8. C. Richard Shumway, 1983. "Supply, Demand, and Technology in a Multiproduct Industry: Texas Field Crops," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(4), pages 748-760.
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    Cited by:

    1. Góral, Justyna & Rembisz, Włodzimierz, 2020. "The Model of Demand for Production Factors in Agriculture," Problems of Agricultural Economics / Zagadnienia Ekonomiki Rolnej 311224, Institute of Agricultural and Food Economics - National Research Institute (IAFE-NRI).
    2. repec:zib:zbmahj:v:2:y:2022:i:1:p:34-39 is not listed on IDEAS
    3. Boonyanam, Nararuk, 2020. "Agricultural economic zones in Thailand," Land Use Policy, Elsevier, vol. 99(C).
    4. Allen, Keighton R. & Fullerton, Thomas M., Jr., 2018. "Analyzing Small Industrial and Commercial User Demand for Electricity," MPRA Paper 98988, University Library of Munich, Germany, revised 22 Oct 2018.
    5. C. Richard Shumway, 1993. "Production economics: Worthwhile investment?," Agricultural Economics, International Association of Agricultural Economists, vol. 9(2), pages 89-108, August.
    6. Pierre Dupraz & Chalachew Temesgen Jemberie, 2012. "Farmland rental rate and marginal return to land: A french FADN perspective," Post-Print hal-01208927, HAL.

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    Demand and Price Analysis;

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