THE TECHNICAL EFFICIENCY OF ILLINOIS GRAIN FARMS: AN APPLICATION OF A RAY-HOMOTHETIC PRODUCTION FUNCTION
Hassan Y. Aly,
Krishna P. Belbase,
Richard Grabowski () and
Steven E. Kraft
Southern Journal of Agricultural Economics, 1987, vol. 19, issue 1, 10
The purpose of this paper is to measure the extent of technical inefficiency among a sample of Illinois grain farms using the corrected ordinary least squares method. Instead of assuming a Cobb-Douglas production function, a linear form of the ray-homothetic is used. The results show a significant amount of technical inefficiency among all the farms in the sample, but with large farms being less technically inefficient than small farms.
Keywords: Crop; Production/Industries (search for similar items in EconPapers)
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Journal Article: The Technical Efficiency of Illinois Grain Farms: An Application of a Ray-Homothetic Production Function (1987)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:sojoae:29313
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