A Nonparametric Analysis of Cost Minimization and Profit Maximization Behavior for a Sample of Kansas Farms
Moghnieh, Ghassan A.; Featherstone, Allen M.; Goodwin, Barry K.
1991

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Abstract

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.

Details

Title A Nonparametric Analysis of Cost Minimization and Profit Maximization Behavior for a Sample of Kansas Farms
Author(s) Moghnieh, Ghassan A.
Featherstone, Allen M.
Goodwin, Barry K.
Subject(s)
Issue Date 1991-07
Publication Type Working or Discussion Paper
DOI and Other Identifiers 10.22004/ag.econ.118197
Record Identifier https://ageconsearch.umn.edu/record/118197
PURL Identifier http://purl.umn.edu/118197
Total Pages 20
Series Statement Staff Paper
92-1
Record Appears in Kansas State University > Department of Agricultural Economics > Staff Papers

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