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Production economics: Worthwhile investment?

  • Shumway, C. Richard

Agricultural production economics research is examined within a broad framework of scientific development and utilization. Recent findings in selected areas of the subdiscipline are examined and opportunities for further fruitful inquiry are identified. A few 'stylized facts' emerge from recent work and suggest the need for much careful hypothesis testing, model exploration, and empirical sensitivity analysis in the future.

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Article provided by Blackwell in its journal Agricultural Economics.

Volume (Year): 9 (1993)
Issue (Month): 2 (August)
Pages: 89-108

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Handle: RePEc:eee:agecon:v:9:y:1993:i:2:p:89-108
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  1. Moschini, GianCarlo, 1989. "Normal Inputs and Joint Production with Allocatable Fixed Factors," Staff General Research Papers 11264, Iowa State University, Department of Economics.
  2. Satheesh V. Aradhyula & Matthew T. Holt, 1988. "Risk Behavior and Rational Expectations in the U.S. Broiler Market," Food and Agricultural Policy Research Institute (FAPRI) Publications 88-wp33, Food and Agricultural Policy Research Institute (FAPRI) at Iowa State University.
  3. Camerer, Colin F, 1989. " An Experimental Test of Several Generalized Utility Theories," Journal of Risk and Uncertainty, Springer, vol. 2(1), pages 61-104, April.
  4. Grisley, William & Gitu, Kangethe W., 1985. "A Translog Cost Analysis Of Turkey Production In The Mid-Atlantic Region," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 17(01), July.
  5. Binswanger, Hans P, 1981. "Attitudes toward Risk: Theoretical Implications of an Experiment in Rural India," Economic Journal, Royal Economic Society, vol. 91(364), pages 867-90, December.
  6. Starmer, Chris & Sugden, Robert, 1989. " Probability and Juxtaposition Effects: An Experimental Investigation of the Common Ratio Effect," Journal of Risk and Uncertainty, Springer, vol. 2(2), pages 159-78, June.
  7. Moschini, GianCarlo, 1988. "Model of Production with Supply Management for the Canadian Agricultural Sector, A," Staff General Research Papers 11269, Iowa State University, Department of Economics.
  8. Battalio, Raymond C & Kagel, John H & Jiranyakul, Komain, 1990. " Testing between Alternative Models of Choice under Uncertainty: Some Initial Results," Journal of Risk and Uncertainty, Springer, vol. 3(1), pages 25-50, March.
  9. 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(02), December.
  10. Polson, Rudolph A. & Shumway, C. Richard, 1990. "Structure Of South Central Agricultural Production," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 22(02), December.
  11. Harless, David W., 1992. "Predictions about indifference curves inside the unit triangle : A test of variants of expected utility theory," Journal of Economic Behavior & Organization, Elsevier, vol. 18(3), pages 391-414, August.
  12. Susan M. Capalbo & Michael Denny, 1985. "Testing Long-Run Productivity Models for the Canadian and U.S. Agricultural Sectors," NBER Working Papers 1764, National Bureau of Economic Research, Inc.
  13. Shumway, C. Richard & Alexander, William P. & Talpaz, Hovav, 1990. "Texas Field Crops: Estimation With Curvature," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 15(01), July.
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