ESTIMATING INDIVIDUAL FARM SUPPLY AND DEMAND ELASTICITIES USING NONPARAMETRIC PRODUCTION ANALYSIS

Zdenko Stefanides and Loren W. Tauer

No 14743, Working Papers from Cornell University, Department of Applied Economics and Management

Abstract: Nonparametric production methods are used to estimate individual supply response and input demand elasticities for a group of New York dairy farm businesses. The ranges of estimates from the upper and lower bounds are extremely large, probably because only nine observations (years) are available for each farm.

Keywords: Demand; and; Price; Analysis (search for similar items in EconPapers)
Pages: 27
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:ags:cudawp:14743

DOI: 10.22004/ag.econ.14743

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