TEXAS FIELD CROPS: ESTIMATION WITH CURVATURE

C. Shumway, William P. Alexander and Hovav Talpaz

Western Journal of Agricultural Economics, 1990, vol. 15, issue 01, 10

Abstract: Some implications of theory are easily maintained in econometric estimation, but computational costs of maintaining curvature properties (sufficient for existence of an optimal solution) have often proved prohibitive. They also have been violated frequently by unrestricted econometric estimates. A computationally manageable procedure for maintaining and testing curvature is used here to obtain estimates of product supplies and input demands for Texas field crops consistent with the theory of the competitive industry. The curvature properties are tested along with several technology restrictions.

Keywords: Crop; Production/Industries (search for similar items in EconPapers)
Date: 1990
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:wjagec:32502

DOI: 10.22004/ag.econ.32502

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