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Risky production functions which are commonly in use are shown to be very restrictive. In particular, such functions cannot describe technologies where inputs marginally reduce risk. A simple production function which avoids these restrictions is posited and alternative estimation procedures are...
Persistent link: https://www.econbiz.de/10005493330
Technical change and the extent to which commodity supplies and input demands are interrelated in Sri Lankan peasant agriculture are explored in this paper. Using a multiple-product dual model, a seemingly unrelated system of product supply and input demand equations is estimated for four crops...
Persistent link: https://www.econbiz.de/10005805607