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	Provedor de dados AgEcon (1) Autor Islam, Nazrul (1) Xayavong, Vilaphonh (1) Palavra-chave Duality Production Theory (1) Flexible Functional Forms. (1) Livestock Production/Industries (1) Nonlinear Inequality Constraints (1) Production Response (1) Shape Restriction (1) Mais... Tipo do documento Conference Paper or Presentation (1) Ano 2010 (1) País United States (1) Idioma Inglês (1)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 1 Primeira ... 1 ... Última ESTIMATING PRODUCTION RESPONSE OF BROADACRE FARMS IN WESTERN AUSTRALIA: THE NEXUS OF EMPIRICS AND ECONOMICS REVISITED AgEcon Xayavong, Vilaphonh; Islam, Nazrul. Recently there has been a growing debate as to whether the empirical properties of production response derived from the multi-product framework are consistent with the behavioral assumption in the duality theory of production. This issue could in turn affect the reliable estimates of elasticities which are fundamental requirement to accurate economic forecasting and valid analyses of the impacts of changes in government policies or international events. The crux of the debate is particularly related to whether to estimate cost or profit function and which types of functional form should be used, as well as imposing restrictions on profit and cost functions when those properties are not satisfied by the estimation models. After reviewing the literature, we... Tipo: Conference Paper or Presentation Palavras-chave: Production Response; Duality Production Theory; Shape Restriction; Nonlinear Inequality Constraints; Flexible Functional Forms.; Livestock Production/Industries. Ano: 2010 URL: http://purl.umn.edu/60240 Registros recuperados: 1 Primeira ... 1 ... Última

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