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| Polson, Rudolph A.; Shumway, C. Richard. |
| Using a dual economic specification of a multiproduct technology, the structure of agricultural production was tested for five South Central states (Texas, Oklahoma, Arkansas, Mississippi, and Louisiana). A comprehensive set of output supplies and input demands comprised the estimation equations in each state. Evidence of nonjoint production in a subset of commodities was detected in four of the five states. Several commodities also satisfied sufficient conditions for consistent aggregations. However, the specific outputs satisfying each structural property varied by state. Sufficient conditions for consistent geographic aggregation across the states were not satisfied. These results provide empirical guidance and important cautions for legitimately... |
| Tipo: Journal Article |
Palavras-chave: Industrial Organization. |
| Ano: 1990 |
URL: http://purl.umn.edu/30008 |
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| Polson, Rudolph A.; Shumway, C. Richard. |
| Output supplies and input demands were estimated for each of five South Central states. The model structure in each state was based on prior parametric tests of homothetic separability, and estimates were generally consistent with a competitive, profit-maximizing industry. Considerable diversity among states was evident in selected production relationships. These results further document the non-uniform ways in which producers respond to government farm programs and market information. |
| Tipo: Journal Article |
Palavras-chave: Production Economics. |
| Ano: 1992 |
URL: http://purl.umn.edu/29627 |
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