000173724 001__ 173724
000173724 005__ 20210819132254.0
000173724 0247_ $$2doi$$a10.22004/ag.econ.173724
000173724 037__ $$a968-2016-75533
000173724 037__ $$a968-2016-75941
000173724 041__ $$aeng
000173724 245__ $$aFarm-level nonparametric analysis of cost-minimization and profit-maximization behavior
000173724 260__ $$c1995-11
000173724 269__ $$a1995-11
000173724 300__ $$a10
000173724 336__ $$aJournal Article
000173724 520__ $$aThis study investigates non-parametrically the optimizing behavior of a sample of 289 Kansas farms under
profit-maximization and cost-minimization hypotheses. The study uses both deterministic and stochastic non-parametric
tests. The deterministic results do not support strict adherence to either optimization hypothesis. The
stochastic tests suggest that all 289 farms fail the profit-maximization hypothesis, whereas 171 farms failed the
cost-minimization hypothesis. Allowing for non-regressive technical change does not alter the basic results; 276
farms violate the profit-maximization hypothesis and 138 violate the cost-minimization hypothesis. The evidence
against cost-minimization behavior seems to be far less substantial than that against profit-maximization behavior.
000173724 546__ $$aEnglish
000173724 650__ $$aAgricultural Finance
000173724 650__ $$aDemand and Price Analysis
000173724 650__ $$aProductivity Analysis
000173724 700__ $$aFeatherstone, Allen M.
000173724 700__ $$aMoghnieh, Ghassan A.
000173724 700__ $$aGoodwin, Barry K.
000173724 773__ $$q109$$o117$$tAgricultural Economics: The Journal of the International Association of Agricultural Economists$$j13$$k2$$dNovember 1995
000173724 8564_ $$97643c204-0a22-4c8f-abea-cca0d330a094$$s1084018$$uhttps://ageconsearch.umn.edu/record/173724/files/agec1995-1996v013i002a004.pdf
000173724 887__ $$ahttp://purl.umn.edu/173724
000173724 909CO $$ooai:ageconsearch.umn.edu:173724$$pGLOBAL_SET
000173724 912__ $$nSubmitted by Jennifer Nelson (nels7877@umn.edu) on 2014-06-23T14:41:03Z
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  Previous issue date: 1995-11
000173724 913__ $$aLicense granted by Jennifer Nelson (nels7877@umn.edu) on 2014-06-23T14:36:36Z (GMT):

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000173724 980__ $$a968
000173724 982__ $$gAgricultural Economics: The Journal of the International Association of Agricultural Economists>Volume 13, Issue 2, November 1995