On flexibility

Christoph Weiss and Wolfgang Briglauer

No 3, FE Working Papers from Christian-Albrechts-University of Kiel, Department of Food Economics and Consumption Studies

Abstract: By building on theoretical work by Mills and Schumann (1985) and Ungern-Sternberg (1990) this paper provides evidence on the determinants of two dimensions of flexibility, the flexibility in adjusting aggregate output over time (tactical flexibility) as well as the ability to switch quickly between products (operational flexibility). Econometric analysis of a sample of 40.000 farms in Upper-Austria for the period 1980 to 1990 suggests that larger full-time farms operated by younger, better educated farm operators are more flexible, ceteris paribus. The results further indicate a significant and negative interrelationship between tactical and operational flexibility.

Keywords: tactical and operational flexibility; panel data; farm households (search for similar items in EconPapers)
JEL-codes: D23 L11 Q12 (search for similar items in EconPapers)
Date: 2000
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Journal Article: On flexibility (2001)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:caufew:0003

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