Production Response in the Interior of the Production Set

Loren W. Tauer
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Loren W. Tauer: Cornell University

Chapter Chapter 4 in Productivity and Efficiency Analysis, 2016, pp 71-82 from Springer

Abstract: Abstract Quantile regression is used to estimate production functions at various quantiles within a dairy farm production set, and marginal products and input substitutions are derived for each of the quantile production functions. Economic relationships vary in the interior of the production set compared to the frontier of the production set, with no discernible pattern through the production set. Implication is that production response for inefficient firms in the interior of the production set may differ compared to efficient firms on the frontier of the production set as well as other inefficiency firms. The results are for a specific dairy production data set so further analysis is warranted to determine what patterns exist with other empirical production sets.

Keywords: Dairy farms; Input substitution; Production efficiency; Quantile regression; Stochastic frontier analysis (search for similar items in EconPapers)
Date: 2016
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DOI: 10.1007/978-3-319-23228-7_4

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