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          Volume 28, Number 03, December 2003 >

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Title: Estimating Production Risk and Inefficiency Simultaneously: An Application to Cotton Cropping Systems
Authors: Jaenicke, Edward C.
Frechette, Darren L.
Larson, James A.
Keywords: cotton
production risk
stochastic production frontier
Issue Date: 2003-12
Abstract: By using a stochastic frontier framework, the mutual effect of input use on production risk and inefficiency is investigated. Disentangling this mutual effect proves important for empirical reasons, at least when applied to west Tennessee cotton systems grown after various cover crops. The most striking result is that the stochastic frontier model, when compared with a typical Just-Pope model, reorders the relative riskiness of cover-crop regimes associated with the cotton systems.
Institution/Association: Journal of Agricultural and Resource Economics>Volume 28, Number 03, December 2003
Total Pages: 18
Language: English
From Page: 540
To Page: 557
Collections:Volume 28, Number 03, December 2003

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