Production Efficiency Analysis with A Farm-Level Average-Cost Characteristic Curves

Farm Program analysis often involves the measurement of production efficiency. This paper presents a theoretical model that can be used to measure the farm-level long-run and short-run production efficiency. It also provides unbiased estimates of the minimum cost of producing an output within an enterprise. The model is a computationally feasible approach that can be applied to agricultural data from primary and secondary sources.


Issue Date:
Aug 02 1987
Publication Type:
Conference Paper/ Presentation
Record Identifier:
http://ageconsearch.umn.edu/record/269947
Language:
English
Total Pages:
14




 Record created 2018-03-26, last modified 2018-03-26

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