STATE-LEVEL NONPARAMETRIC TESTS OF PROFIT MAXIMIZATION

A nonparametric analysis of agricultural production behavior was conducted for each of the contiguous 48 states to test· the joint hypothesis of profit maximization, convex technology, and nonregressive technical change. With minor to modest measurement error, the results are consistent with the joint hypothesis. They further document the importance· of considering geographic variability in agriculture production behavior when modeling production relationships or government policies affecting production at the regional or national level.


Issue Date:
Jul 30 1989
Publication Type:
Conference Paper/ Presentation
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/270494
Language:
English
Total Pages:
15




 Record created 2018-04-02, last modified 2020-10-28

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