ESTIMATING INDIVIDUAL FARM SUPPLY AND DEMAND ELASTICITIES USING NONPARAMETRIC PRODUCTION ANALYSIS

Authors
Publication date
1 March 1997
Publisher
Charles H. Dyson School of Applied Economics and Management, Cornell University

Abstract

WP 1997-03 March 1997Nonparametric production methods are used to estimate individual supply response and input demand elasticities for a group of New York dairy farm businesses. The ranges of estimates from the upper and lower bounds are extremely large, probably because only nine observations (years) are available for each farm

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