A Nonparametric Analysis of Cost Minimization and Profit Maximization Behavior for a Sample of Kansas Farms

Ghassan A. Moghnieh, Allen Featherstone and Barry Goodwin ()

No 118197, Staff Papers from Kansas State University, Department of Agricultural Economics

Abstract: This study investigates nonparametrically the optimizing behavior of a sample of 289 Kansas farms under profit-maximizing and cost-minimizing hypotheses. The results do not support strict adherence to either optimization hypothesis. However, evidence against cost-minimizing behavior seems to be far less substantial than that against profit-maximizing behavior.

Keywords: Agricultural Finance; Farm Management (search for similar items in EconPapers)
Pages: 20
Date: 1991-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ksaesp:118197

DOI: 10.22004/ag.econ.118197

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