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ESTIMATING INDIVIDUAL FARM SUPPLY AND DEMAND ELASTICITIES USING NONPARAMETRIC PRODUCTION ANALYSIS
Abstract
Nonparametric 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.
Description
WP 1997-03 March 1997
Date Issued
1997-03-01Publisher
Charles H. Dyson School of Applied Economics and Management, Cornell University
Type
article