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	Provedor de dados AgEcon (2) Autor Bokusheva, Raushan (1) Hilmer, Christiana E. (1) Holt, Matthew T. (1) Kumbhakar, Subal C. (1) Palavra-chave Indirect production function (2) C32 (1) C52 (1) Duality (1) Expenditure constraints (1) Farm Management (1) Nested test (1) Q12 (1) Research Methods/ Statistical Methods (1) Russian agriculture (1) SFA (1) Technical efficiency (1) Mais... Tipo do documento Conference Paper or Presentation (1) Journal Article (1) Ano 2008 (1) 2005 (1) País United States (2) Idioma Inglês (2)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 2 Primeira ... 1 ... Última MODELLING FARMS' PRODUCTION DECISIONS UNDER EXPENDITURE CONSTRAINTS AgEcon Bokusheva, Raushan; Kumbhakar, Subal C.. Limited budget for the purchase of variable inputs might adversely affect producer's input use decisions and might result in a non-optimal input usage. If expenditure constrains are present and binding, unconstrained profit-maximization is not valid for modelling producers' input use decisions. In this paper we apply the indirect production function approach which describes output maximization subject to a given technology, a set of quasi-fixed inputs and a given budget for the purchase of variable inputs. By employing the indirect production function in the stochastic frontier framework we can estimate producer's output loss due to both expenditure constraints and technical inefficiency. Our estimation results show that most of the study farms were... Tipo: Conference Paper or Presentation Palavras-chave: Indirect production function; SFA; Expenditure constraints; Technical efficiency; Russian agriculture; Farm Management; Research Methods/ Statistical Methods. Ano: 2008 URL: http://purl.umn.edu/6641 Estimating Indirect Production Functions with a More General Specification: An Application of the Lewbel Model AgEcon Hilmer, Christiana E.; Holt, Matthew T.. Whereas consumer theory employs several different empirical specifications for estimating indirect utility functions, producer theory has relied on the Translog specification to estimate the indirect production function. In this paper, we apply Lewbel’s more general functional specification and investigate its implications for the estimation of indirect production functions in productivity analysis. An attractive feature of the Lewbel model is that it nests both the Translog and the almost ideal supply system, offering a method to assess the empirical validity of all three specifications. Aggregate U.S. production data are used to examine the performance of the three models in an empirical application. Tipo: Journal Article Palavras-chave: Duality; Indirect production function; Nested test; C32; C52; Q12. Ano: 2005 URL: http://purl.umn.edu/43484 Registros recuperados: 2 Primeira ... 1 ... Última

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