Data/hora: 12/06/2024 14:55:32

Provedor de dados: 	31	
País: 	United States	
Título: 	ESTIMATES OF INDIVIDUAL DAIRY FARM SUPPLY ELASTICITIES	
Autores: 	Tauer,   Loren W.	
Data: 	1999-11-15	
Ano: 	1998	
Palavras-chave: 	Livestock Production/Industries.	
Resumo: 	Milk supply elasticities were estimated for 70 farms who participated in the New York Dairy Farm Business Summary Program from 1985 through 1993. Technology was modeled as a single output, single composite input Cobb-Douglas function. The resultant supply function is the natural log of milk quantity as a function of the log of milk price to prices paid for all inputs, with a time trend added. Since random output shocks to each farm may have occurred in any of the nine data years, a dummy year variable was modeled sequentially for each year for each farm. Ignoring 12 negative estimates, elasticities averaged .65. Pooling the data with a fixed effects model produced an elasticity estimate of .47. A geometric lag pooled model produced a short-run elasticity of .2 and a long-run supply elasticity of 1.00 using instrumental variables, but an OLS short-run elasticity of .25 and long-run elasticity of .64.	
Tipo: 	Working or Discussion Paper	
Idioma: 	Inglês	
Identificador: 	1779

http://purl.umn.edu/14745	
Editor: 	AgEcon Search	
Relação: 	Cornell University&gt;Department of Applied Economics and Management&gt;Working Papers

Working Paper 98-08	
Formato: 	15

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