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Estimating Individual Farm Supply And Demand Elasticities Using Nonparametric Production Analysis

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  • Stefanides, Zdenko
  • Tauer, Loren W.

Abstract

Nonparametric production methods are used to estimate individual supply response and input demand elasticities for a group of New York dairy farm businesses. The ranges of estimates from the upper and lower bounds are extremely large, probably because only nine observations (years) are available for each farm.

Suggested Citation

  • Stefanides, Zdenko & Tauer, Loren W., 1997. "Estimating Individual Farm Supply And Demand Elasticities Using Nonparametric Production Analysis," Working Papers 14743, Cornell University, Department of Applied Economics and Management.
    • Handle: RePEc:ags:cudawp:14743
    DOI: 10.22004/ag.econ.14743
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    File URL: https://ageconsearch.umn.edu/record/14743/files/wp9703.pdf
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    References listed on IDEAS

    as
    1. Afriat, Sidney N, 1972. "Efficiency Estimation of Production Function," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 13(3), pages 568-598, October.
    2. Loren Tauer & Zdenko Stefanides, 1998. "Success in maximizing profits and reasons for profit deviation on dairy farms," Applied Economics, Taylor & Francis Journals, vol. 30(2), pages 151-156, February.
    3. Tiffin, Richard & Renwick, Alan, 1996. "Estimates of Production Response in the UK Cereal Sector Using Nonparametric Methods," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 23(2), pages 179-194.
    4. Jean-Paul Chavas & Thomas L. Cox, 1995. "On Nonparametric Supply Response Analysis," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 77(1), pages 80-92.
    5. Colman, David R., 1983. "A Review of the Arts of Supply Response Analysis," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 51(03), pages 1-30, December.
    Full references (including those not matched with items on IDEAS)

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    Keywords

    Demand and Price Analysis;

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