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We extend data envelopment analysis (DEA) to decompose the economic efficiency of a sample of ethanol plants into internal (technical and allocative) and boundary (marketing) sources. This decomposition allows us to evaluate the channels through which different plant characteristics affect plant...
Persistent link: https://www.econbiz.de/10009443791
Replaced with revised version of paper 07/29/09.
Persistent link: https://www.econbiz.de/10009444729
In this study we use data envelopment analysis to decompose the overall economicefficiency of a sample of ethanol plants into three subcomponents: technical efficiency, allocative efficiency and a new component we call marketing efficiency. The relative importance of these sources of efficiency...
Persistent link: https://www.econbiz.de/10009446144
Traditional measures of the benefits of technological change use producer prices. Consumer-oriented measures are more appropriate but they require knowledge of price impacts. They may diverge in the presence of distortions. This paper shows that in general equilibrium they are interrelated...
Persistent link: https://www.econbiz.de/10005501153
This paper considers the time path of prices for crop traits such as herbicide resistance, specifically whether they conform to Coase's conjecture that monopoly prices can't be sustained on durables. While property rights determine whether such traits are durables, prices for RR soybeans and Bt...
Persistent link: https://www.econbiz.de/10005513450
This study estimates nonparametric non-stochastic Malmquist indices and a stochastic Fourier production frontier to examine agricultural productivity and its interactions with socio-political institutions in 41 sub-Saharan African countries during 1961-1999. We have learned from this study that...
Persistent link: https://www.econbiz.de/10005493611
Agricultural productivity in 41 Sub-Saharan Africa (SSA) countries from 1960 to 1999 is examined by estimating a semi-nonparametric Fourier production frontier. Over the four decades the estimated rate of productivity change was 0.83% per year, although the average rate from 1985-99 was a strong...
Persistent link: https://www.econbiz.de/10005460380
This study evaluates the environmental efficiency of seven recently constructed ethanol plants in the North Central region of the U.S., using nonparametric data envelopment analysis (DEA). Environmental efficiency is measured and decomposed into its technical and allocative sources. Results show...
Persistent link: https://www.econbiz.de/10010880274
Price volatility and policy changes may compromise the ability of corn ethanol plants to operate above average variable cost and avoid shutdown. This study derives a variable cost function capable of accommodating two features of ethanol plants; 1) some inputs are used in fixed proportions and...
Persistent link: https://www.econbiz.de/10010881112
Persistent link: https://www.econbiz.de/10011069046