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Allocatable Fixed Inputs and Two-Stage Aggregation Models of Multioutput Production Decisions

Barry T. Coyle

American Journal of Agricultural Economics, 1993, vol. 75, issue 2, 367-376

Abstract: Allocation decisions for a fixed input such as land are incorporated into a two-stage aggregation model of multioutput production decisions. The resulting two-stage model is more realistic and is as tractable for empirical research as the standard model.

Date: 1993
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