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On flexibility

Author

Listed:
  • Weiss, Christoph R.
  • Briglauer, Wolfgang

Abstract

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.

Suggested Citation

  • Weiss, Christoph R. & Briglauer, Wolfgang, 2000. "On flexibility," FE Working Papers 0003, Christian-Albrechts-University of Kiel, Department of Food Economics and Consumption Studies.
  • Handle: RePEc:zbw:caufew:0003
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    File URL: https://www.econstor.eu/bitstream/10419/38622/1/501304185.pdf
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    References listed on IDEAS

    as
    1. von Ungern-Sternberg, Thomas, 1990. "The Flexibility to Switch between Different Products," Economica, London School of Economics and Political Science, vol. 57(227), pages 355-369, August.
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    More about this item

    Keywords

    tactical and operational flexibility; panel data; farm households;

    JEL classification:

    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • Q12 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets
    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights

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