ESTIMATION OF A PRODUCTION FRONTIER MODEL: WITH APPLICATION TO THE PASTORAL ZONE OF EASTERN AUSTRALIA

George E. Battese and Greg S. Corra

Australian Journal of Agricultural Economics, 1977, vol. 21, issue 3, 11

Abstract: This paper considers a statistical model for a production frontier that is consistent with the traditional (nonstochastic) definition of a production function given in microeconomic theory. Limiting cases of the model are the familiar average production function and an envelope production function. Maximum-likelihood estimators for the parameters of the model are defined. The three related models are applied in the estimation of a production frontier for the Pastoral Zone of Eastern Australia with use of data from the Australian Grazing Industry Survey.

Keywords: Production; Economics (search for similar items in EconPapers)
Date: 1977
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Citations: View citations in EconPapers (432)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:ajaeau:22266

DOI: 10.22004/ag.econ.22266

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