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Although the theory of state-contingent production is well-established, the empirical implementation of this approach is still in an infancy stage. The possibility of finding a large number of states of nature, few observations per state and models affected by collinearity have led some...
Persistent link: https://www.econbiz.de/10010866013
Technical efficiency analysis is a fundamental tool to measure the performance of production activity. Recently, an increasing interest in the state-contingent approach has emerged in the literature although such interest has not yet been accompanied by an increase of empirical applications....
Persistent link: https://www.econbiz.de/10010940011
Persistent link: https://www.econbiz.de/10011198301
The material contained herein is supplementary to the article named in the title and published in the American Journal of Agricultural Economics, May 2007, Volume 89, Issue 2.
Persistent link: https://www.econbiz.de/10005483821
A dynamic directional input distance function is proposed within the adjustment-cost model of the firm, generalizing the directional distance function developed by Chambers, Chung and Färe (1996) in the static context. Duality is established between the dynamic directional distance function and...
Persistent link: https://www.econbiz.de/10010842581
While the dynamic theory of production provides little insight towards identifying a specific functional form for the firm's technology, dynamic production analysis has been explored traditionally in a parametric framework. A nonparametric dynamic dual cost approach to production analysis is...
Persistent link: https://www.econbiz.de/10010865921
Many previous empirical studies on the productivity of pesticides suggest that pesticides are under-utilized in agriculture despite the general held believe that these inputs are substantially over-utilized. This paper uses data envelopment analysis (DEA) to calculate non-parametric measures of...
Persistent link: https://www.econbiz.de/10010866037
Intra-firm efficiencyinvolves computing a particular firm's efficiency degree overtime relative to the firm-specific production frontier. Inter-firmefficiency reveals a particular firm's performance over timerelative to the ``best practice frontier'' among the set of comparablefirms. These...
Persistent link: https://www.econbiz.de/10010866108
This paper uses Data Envelopment Analysis tocompute input-based technical efficiencymeasures and CO<Subscript>2</Subscript> and energy technicalefficiency of specialised vegetable firms inthe Netherlands over the period 1991–1995. Input-based scale efficiency is also calculatedfor each firm. These efficiency...</subscript>
Persistent link: https://www.econbiz.de/10005684376
A nonparametric approach to short-run production analysis from a cost and profit perspectives is developed in the context of an adjustment-cost model. The adjustment-cost hypothesis is incorporated in the theoretical framework in the form of the properties of the firm's technology with respect...
Persistent link: https://www.econbiz.de/10005806404