Estimation of Supply Functions by Linear Programming: A Note

Peter L. Nuthall

Review of Marketing and Agricultural Economics, 1969, vol. 37, issue 03, 6

Abstract: A method of determining mutually applicable supply functions, using the simplex method of linear programming, for products required in some kind of fixed proportion is outlined. The technique involves estimating the horizontal segments of a step supply function, i.e. the marginal cost function, rather than the usual method of estimating the vertical segments. The technique is demonstrated using a hypothetical milk farm.

Keywords: Demand; and; Price; Analysis (search for similar items in EconPapers)
Date: 1969
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Persistent link: https://EconPapers.repec.org/RePEc:ags:remaae:9198

DOI: 10.22004/ag.econ.9198

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