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Management bias and returns to scale in a Cobb-Douglas production function for agriculture

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  • P.J. DAWSON
  • J. LINGARD

Abstract

The purpose of this paper is to reconsider the specification and estimation of agricultural production functions. By assuming a criterion of expected profit maximization and incorporating a management input into the function using dummy variables, least squares estimates of the parameters of the production function are unbiased and consistent. Functions are estimated for four years of annual Farm Management Survey data for the North-West of England. Results presented reveal both reduced marginal productivity estimates and returns-to-scale compared with conventional cross-section estimates.

Suggested Citation

  • P.J. Dawson & J. Lingard, 1982. "Management bias and returns to scale in a Cobb-Douglas production function for agriculture," European Review of Agricultural Economics, Foundation for the European Review of Agricultural Economics, vol. 9(1), pages 7-24.
  • Handle: RePEc:oup:erevae:v:9:y:1982:i:1:p:7-24.
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    File URL: http://hdl.handle.net/10.1093/erae/9.1.7
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    Cited by:

    1. Siebert, W. Stanley & Zubanov, Nick & Chevalier, Arnaud & Viitanen, Tarja, 2006. "Labour Turnover and Labour Productivity in a Retail Organization," IZA Discussion Papers 2322, Institute for the Study of Labor (IZA).
    2. Abdul Wadud, 2013. "Impact of Microcredit on Agricultural Farm Performance and Food Security in Bangladesh," Working Papers 14, Institute of Microfinance (InM).
    3. Friedrich Schneider & Klaus Salhofer & Erwin Schmid & Gerhard Streicher, 2001. "Was the Austrian agricultural policy least cost efficient?," Economics working papers 2001-03, Department of Economics, Johannes Kepler University Linz, Austria.
    4. Ahmad, Munir & Boris E., Bravo-Ureta, 1996. "Technical efficiency measures for dairy farms using panel data: a comparison of alternative model specifications," MPRA Paper 37703, University Library of Munich, Germany.
    5. B. E. Bravo-Ureta & L. Rieger, 1990. "Alternative Production Frontier Methodologies And Dairy Farm Efficiency," Journal of Agricultural Economics, Wiley Blackwell, vol. 41(2), pages 215-226.
    6. Bailey, A. & Williams, N. & Palmer, M. & Geering, R., 2000. "The farmer as service provider: the demand for agricultural commodities and equine services," Agricultural Systems, Elsevier, vol. 66(3), pages 191-204, December.
    7. Alaouze, Chris M., 1988. "The Probability Distribution Of The Average Marginal Products Of Cobb-Douglas Factors With Applications," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 32(02-03).
    8. Alaouze, Chris M. & Read, Michael & Sturgess, Neil H., 1985. "A Statistical Analysis Of A Pilot Survey Of Salt-Affected Dairy Farms," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 29(01), April.
    9. Ajetomobi, Joshua Olusegun, 2016. "Sensitivity of Crop Yield to Extreme Weather in Nigeria," 2016 AAAE Fifth International Conference, September 23-26, 2016, Addis Ababa, Ethiopia 246919, African Association of Agricultural Economists (AAAE).

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