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

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.


Issue Date:
1991-07
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/118197
Total Pages:
20
Series Statement:
Staff Paper
92-1




 Record created 2017-04-01, last modified 2017-08-26

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