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How can allocative inefficiency reveal risk preference? An empirical investigation on French wheat farms 31
Blancard, Stephane; Boussemart, Jean-Philippe; Crainich, D.; Leleu, Herve.
We focus on a simple framework on wheat producer behaviour in a context of price output uncertainty. More precisely, we establish a relationship between ex post output price level and allocative inefficiency that allows to characterize farmers’ risk preferences. Given this analysis, the connection between risk aversion and other socioeconomic variables (such as degree of output specialisation, total asset, debts, farmer’s age…) can furthermore empirically be explored. This relationship is empirically tested on an unbalanced panel including about 650 wheat producers located in the French Department of Meuse over 1992- 2003.
Tipo: Conference Paper or Presentation Palavras-chave: Producer behaviour; Allocative inefficiency; Risk aversion; Crop Production/Industries; Risk and Uncertainty.
Ano: 2008 URL: http://purl.umn.edu/44208
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TECHNICAL AND ECONOMIC EFFICIENCY OF RUSSIAN CORPORATE FARMS: THE CASE OF THE MOSCOW REGION 31
Svetlov, Nikolai M.; Hockmann, Heinrich.
The research focus of the paper is to distinguish allocative and technical inefficiencies on Moscow region corporate farms. DEA specifications with both monetary and technical objective functions are applied. Reduced costs and sensitivity analyses are used to identify fixed inputs constraining either allocative or technical efficiency. To decrease heterogeneity and allow for the accessibility to different technologies of a given farm, the farms are grouped with respect to the set of outputs they produce. Thus, as a result of an unstable market environment, it is shown that allocative inefficiency causes 65-100 % (depending on the group) of total inefficiency in 2002 and 60-96 % in 1999. As for technical inefficiency, in 1999 its major source was the lack...
Tipo: Working or Discussion Paper Palavras-chave: Technical inefficiency; Allocative inefficiency; Data Envelopment Analysis; Moscow region; Transitional economy; Farm Management; Productivity Analysis; D24; Q12; C14.
Ano: 2005 URL: http://purl.umn.edu/14922
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