On Sources of Measured Technical Efficiency: The Impact of Information

Jürgen Müller

American Journal of Agricultural Economics, 1974, vol. 56, issue 4, 730-738

Abstract: The concept of technical efficiency differences—different levels of output with identical levels of input—is unsatisfactory from a production theoretic point of view. In this paper a model is developed in which differences in non-conventional inputs and especially information obtained by managers may explain productivity differences between firms. Estimation of the underlying production structure (of a sample of California dairy farms) via a modified non-homothetic Cobb-Douglas production function shows the specific impact of information within the neoclassical production framework. This is conceptually and analytically superior to the methodology of frontier production functions.

Date: 1974
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:56:y:1974:i:4:p:730-738.

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