Modeling supply response in a multiproduct framework

The paper models multiproduct supply response in agriculture and tests key assumptions traditionally maintained in supply response studies. The technology is approximated by a restricted profit function. The properties of the restricted profit function are imposed during estimation. The hypothesis t...

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Bibliographic Details
Published inAmerican journal of agricultural economics Vol. 70; no. 4
Main Author Ball, V.E
Format Journal Article
LanguageEnglish
Published 01.11.1988
Subjects
ANALISIS DE INSUMO-PRODUCTO
ANALYSE INPUT OUTPUT
BALANCE DE PROVISIONES
BILAN D'APPROVISIONNEMENT
ECONOMIA
ECONOMIE
ESTADOS UNIDOS DE AMERICA
ETATS-UNIS
MODELE
MODELOS
PRODUCCION
PRODUCTION
PRODUCTIVIDAD
PRODUCTIVITE
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Summary:The paper models multiproduct supply response in agriculture and tests key assumptions traditionally maintained in supply response studies. The technology is approximated by a restricted profit function. The properties of the restricted profit function are imposed during estimation. The hypothesis that maintains the existence of output price and quantity indexes that satisfy the adding-up property is rejected. The existence of individual production functions for each output is also rejected. Unless joint production is permitted, the estimates of responsiveness of a particular commodity to changes in own price or prices of competing outputs are likely to be considerably understated
Bibliography:U10
8872160
E16
ISSN:0002-9092
1467-8276
DOI:10.2307/1241922