A Nonparametric Analysis of Cost Minimization and Profit Maximization Behavior for a Sample of Kansas Farms

This study investigates nonparametrically the optimizing behavior of a sample of 289 Kansas farms under profit-maximizing and cost-minimizing hypotheses. The results do not support strict adherence to either optimization hypothesis. However, evidence against cost-minimizing behavior seems to be far less substantial than that against profit-maximizing behavior.

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Year of publication:	1991-07
Authors:	Moghnieh, Ghassan A. ; Featherstone, Allen M. ; Goodwin, Barry K.
Institutions:	Department of Agricultural Economics, Kansas State University
Subject:	Agricultural Finance \| Farm Management

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Extent:	application/pdf
Series:	Staff Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Department of Agricultural Economics>Staff Papers Number 118197
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009368671