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An Examination Of The Empirical Properties Of Duality Between The Restricted Profit, Unrestricted Profit, And Production Functions


  • Lusk, Jayson L.
  • Abdulkadri, Abdullahi O.
  • Featherstone, Allen M.


This research examines the empirical properties of duality theory. A comparison of the Hessian matrices calculated from the normalized unrestricted and restricted profit, and production functions indicate that duality is highly sensitive to measurement error and relative price variability. Keywords: duality, restricted and unrestricted profit functions

Suggested Citation

  • Lusk, Jayson L. & Abdulkadri, Abdullahi O. & Featherstone, Allen M., 1999. "An Examination Of The Empirical Properties Of Duality Between The Restricted Profit, Unrestricted Profit, And Production Functions," 1999 Annual meeting, August 8-11, Nashville, TN 21718, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  • Handle: RePEc:ags:aaea99:21718

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    References listed on IDEAS

    1. Lau, Lawrence J., 1976. "A characterization of the normalized restricted profit function," Journal of Economic Theory, Elsevier, vol. 12(1), pages 131-163, February.
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    Cited by:

    1. Chaovanapoonphol, Yaovarate & Battese, George E. & Chang, Hui-Shung (Christie), 2005. "The Impact of Rural Financial Services on the Technical Efficiency of Rice Farmers in the Upper North of Thailand," 2005 Conference (49th), February 9-11, 2005, Coff's Harbour, Australia 137811, Australian Agricultural and Resource Economics Society.


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