Data/hora: 11/06/2024 07:41:40

Provedor de dados: | 31
País: | United States
Título: | Farm Level Nonparametric Analysis of Profit Maximization Behavior with Measurement Error
Autores: | Zereyesus,   Yacob Abrehe; Featherstone,   Allen M.; Langemeier,   Michael R.
Data: | 2009-01-16
Ano: | 2009
Palavras-chave: | Nonparametric analysis; Profit maximization; Measurement error; Technological change; Production Economics; D24.
Resumo: | This paper tests the farm level profit maximization hypothesis using a nonparametric production analysis approach allowing for measurement error in the input and output variables. All farms violated Varian’s deterministic Weak Axiom of Profit Maximization (WAPM). The magnitude of minimum critical standard errors required for consistency with profit maximization, convex technology production was smaller after allowing technological change during the sample period. Results indicate strong support for the presence of technological change during the sample period.
Tipo: | Conference Paper or Presentation
Idioma: | Inglês
Identificador: | http://purl.umn.edu/46829
Relação: | Southern Agricultural Economics Association&gt;2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia
Formato: | 14