Disaggregated estimates of output supply and input demand elasticities

C. Shumway and Pedro A. Villezca-Becerra
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Pedro A. Villezca-Becerra: Universidad Autónoma de Nuevo León

Estudios Económicos, 1995, vol. 10, issue 1, 89-101

Abstract: Designed for consistency with competitive theory, nonrejected simplifying assumptions and multi stage choice, aggregate dual models are specified of Texas agricultural production. Disaggregated own and cross price elasticities are derived for 25 commodity supplies and six input demands. Estimated supplies and demands are largely inelastic. Outputs are mainly economic substitutes and inputs are economic complements.

Date: 1995
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