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PRODUCTION RISK REVISITED IN A STOCHASTIC FRONTIER FRAMEWORK: EVALUATING NOISE AND INEFFICIENCY IN COVER CROP SYSTEMS
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Abstract
This paper investigates both risk and technical inefficiency in a general stochastic frontier framework that is consistent with the Just-Pope framework. After applying the model to two separate cash crop-cover crop systems, the more general stochastic frontier model is found to reorder the noisiness of alternative cover crop regimes.Crop Production/Industries, Risk and Uncertainty,