Measuring Productive Efficiency in Multiple Product Agribusiness Firms: A Dual Approach

Jay Akridge

American Journal of Agricultural Economics, 1989, vol. 71, issue 1, 116-125

Abstract: Measuring retail fertilizer plant efficiency is difficult, given the range of outputs produced by these multiple product firms. A frontier multiproduct cost function was employed to measure productive efficiency. Results suggest the average plant could lower variable costs by 10% through more effective operations. Allocative inefficiency was minimal, indicating management should focus on improving technical efficiency. The limitations of employing a single-product model in a multiproduct situation are demonstrated.

Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:71:y:1989:i:1:p:116-125.

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