Estimation of Firm-Varying, Input-Specific Efficiencies in Dairy Production

Autor:	Lass, Daniel A., Gempesaw, Conrado M., II
Rok vydání:	1992
Předmět:	Production Economics 0502 economics and business 05 social sciences 050202 agricultural economics & policy General Medicine 050207 economics
Zdroj:	Northeastern Journal of Agricultural and Resource Economics. 21:142-150
ISSN:	2398-4643 0899-367X
DOI:	10.1017/s0899367x0000266x
Popis:	Firm-varying production technologies were estimated using random coefficients regression methods for a sample of Massachusetts dairy farms. Results were compared to OLS Cobb-Douglas production function estimates. The random coefficients regression model was found to virtually eliminate conventionally measured firm technical inefficiencies by estimating individual firm technologies and ascribing remaining inefficiencies to specific inputs. Input-specific measures of firm inefficiencies showed hired labor, land, and machinery inputs to be used in excess of efficient levels. Livestock supplies were underutilized by all farms. Efficiencies of feed, crop materials, fuels, and utilities varied, although estimated means were closer to optimal levels.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::5a08a73c036fda1c400593f257368ef1 https://doi.org/10.1017/s0899367x0000266x Zobrazit plný text záznamu