AGRICULTURAL OUTPUT SUPPLY AND INPUT DEMAND RELATIONSHIPS WITH ENDOGENOUS LAND RENTS
Arlyn R. Maligaya and
Fred C. White
Southern Journal of Agricultural Economics, 1989, vol. 21, issue 2, 8
This study analyzed supply functions for agricultural output and demand functions for factors of production for Georgia. These relationships were derived with duality theory from a normalized quadratic profit function. Land has been included in other duality studies as a fixed factor as opposed to an endogenous factor. In this study, the system of supply and demand equations was augmented with a supply equation for land, which allowed land rents to be an endogenous factor. Consequently it was possible to measure the impact of output and input prices on land rents.
Keywords: Demand; and; Price; Analysis (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:sojoae:30113
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