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A Dual Approach to Analysis of Dairy Production Decisions

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  • Weaver, Robert D.
  • McSweeny, William T.

Abstract

A complete system of input and multiple output choice functions which by duality are consistent with the hypothesis of expected profit maximization are presented. Estimates are based the 1974 U.S.D.A. Cost of Production survey data and establish considerable price responsiveness of choices, a result which contradict's past econometric dairy supply studies.

Suggested Citation

  • Weaver, Robert D. & McSweeny, William T., 1982. "A Dual Approach to Analysis of Dairy Production Decisions," 1982 Annual Meeting, August 1-4, Logan, Utah 279138, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea82:279138
    DOI: 10.22004/ag.econ.279138
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    References listed on IDEAS

    as
    1. Wipf, Larry J. & Houck, James P., 1967. "Milk Supply Response In The United States: An Aggregate Analysis," Mimeographed Reports 180973, University of Minnesota, Department of Applied Economics.
    2. Weaver, Robert D., 1978. "Measurement Of Allocative Biases Of Production Control Policies," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 10(2), pages 1-5, December.
    3. Harlow W. Halvorson, 1955. "The Supply Elasticity for Milk in the Short Run," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 37(5), pages 1186-1197.
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