ESTIMATION OF ECONOMIC AND ALLOCATIVE EFFICIENCIES RELATIVE TO STOCHASTIC FRONTIER PROFIT FUNCTION

Faqir Singh Bagi

No 278504, 1985 Annual Meeting, August 4-7, Ames, Iowa from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This paper presents a stochastic frontier profit function model. The (frontier) optimal demand functions for variable inputs are derived from this model, and used to calculate the allocative efficiency of individual variable inputs. These models are used to estimate the economic efficiency, optimal demand for variable inputs, and allocative efficiency of individual farms.

Keywords: Agricultural Finance; Farm Management (search for similar items in EconPapers)
Pages: 16
Date: 1985-08
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea85:278504

DOI: 10.22004/ag.econ.278504

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