| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Measuring the Impact of Staple Strength-Enhancing Technologies on Australian Wool Producer Profits: A Duality-Based Approach
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| Autores: |
Templeton, Deborah J.
Griffith, Garry R.
Piggott, Roley R.
O'Donnell, Christopher J.
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| Data: |
2005-05-18
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| Ano: |
2004
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| Palavras-chave: |
Profit function approach
Research evaluation
Wool
Staple strength
Economic analysis
Livestock Production/Industries
Productivity Analysis
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| Resumo: |
Wool tenderness is a significant problem in Australia, especially in areas where sheep graze under highly seasonal conditions. In this study, a duality-based modeling framework is implemented to assess the economic impact of staple strength-enhancing research on the profits of Australian woolgrowers. Within this framework, a normalized quadratic profit function is specified and estimated. The model is based on a number of fundamental characteristics of the Australian wool industry and the staple-strength enhancing technology being assessed. The model consists of a system of equations that are specified in terms of effective, rather than actual, prices. The interrelationships between the netputs are allowed for in the model in a manner that is consistent with the theoretical restrictions that arise as a result of assuming profit maximization, ensuring that the welfare calculations are unambiguous.
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| Tipo: |
Working or Discussion Paper
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| Idioma: |
Inglês
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| Identificador: |
16558
http://purl.umn.edu/12922
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| Editor: |
AgEcon Search
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| Relação: |
University of New England>School of Economics>Working Papers
Working Paper 2004-5
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| Formato: |
44
application/pdf
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