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In applications of expected utility analysis, researchers are confronted with a choice among several utility functional forms. Subjective utility values and probability distributions for price and yield were elicited from Sri Lankan producers of minor export crops. Exponential quadratic and...
Persistent link: https://www.econbiz.de/10010879478
Using a translog production function, cereal production on state farms in Ethiopia between 1980 and 1985 was analyzed. The farms were found to be operating at constant returns to scale. Manual labor was under-utilized, while machinery and other modern inputs were over-utilized. Elasticities of...
Persistent link: https://www.econbiz.de/10010911432