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Methods for Evaluating Economic Efficiency in Agricultural Marketing

Author

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  • Kilmer, Richard L.
  • Armbruster, Walter J.

Abstract

An economically efficient allocation of resources maximizes consumer and producer surpluses. It can be shown that under perfectly competitive conditions, an efficient allocation of resources will evolve. It may be the global welfare optimum, but for a given set of conditions, consumer and producer surpluses can be maximized.

Suggested Citation

  • Kilmer, Richard L. & Armbruster, Walter J., 1984. "Methods for Evaluating Economic Efficiency in Agricultural Marketing," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 16(1), pages 101-110, July.
    • Handle: RePEc:cup:jagaec:v:16:y:1984:i:01:p:101-110_01
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    Cited by:

    1. Brown, Colin G. & Drynan, Ross G., 1986. "On Some Aspects of Organizational Efficiency in the Queensland Cattle Slaughtering Industry," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 54(02), pages 1-19, August.
    2. Emerson M. Babb, 1986. "Production and operations management," Agribusiness, John Wiley & Sons, Ltd., vol. 2(4), pages 421-429.
    3. Peter ADAMIŠIN & Rastislav KOTULIČ & Ivana KRAVČÁKOVÁ VOZÁROVÁ & Roman VAVREK, 2015. "Natural climatic conditions as a determinant of productivity and economic efficiency of agricultural entities," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 61(6), pages 265-274.

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