By building on theoretical work by Mills and Schumann (1985) and Ungern-Sternberg (1990) this paper provides evidence on the determinants of two dimensions of flexibility, the flexibility in adjusting aggregate output over time (tactical flexibility) as well as the ability to switch quickly between products (operational flexibility). Econometric analysis of a sample of 40.000 farms in Upper-Austria for the period 1980 to 1990 suggests that larger full-time farms operated by younger, better educated farm operators are more flexible, ceteris paribus. The results further indicate a significant and negative interrelationship between tactical and operational flexibility.
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- von Ungern-Sternberg, Thomas, 1990.
"The Flexibility to Switch between Different Products,"
London School of Economics and Political Science, vol. 57(227), pages 355-69, August.
- Thomas VON UNGERN-STERNBERG, 1988. "The Flexibility to Switch between Different Products," Cahiers de Recherches Economiques du Département d'Econométrie et d'Economie politique (DEEP) 8806, Université de Lausanne, Faculté des HEC, DEEP.
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