Estimating state-contingent production frontiers

Chambers and Quiggin (2000) use state-contingent representations of risky production technologies to establish important theoretical results concerning producer behavior under uncertainty. Unfortunately, perceived problems in the estimation of state-contingent models have limited the usefulness of t...

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Veröffentlicht in:	American journal of agricultural economics 2006-02, Vol.88 (1), p.249-266
Hauptverfasser:	O'Donnell, C. J., Griffiths, W. E.
Format:	Artikel
Sprache:	eng
Schlagworte:	Agricultural economics Bayesian analysis Bayesian theory C320 Coefficients Commercial production crop production econometric models Economic models economic policy elasticities Estimating techniques estimation finite mixtures Firm theory Forecasts Gibb's sampling inefficiency input output analysis macroeconomics Market Mathematical independent variables Oryza sativa Parametric models Production production economics Production efficiency Production estimates production technology Productivity Q100 Rice Risk risk assessment State of nature Stochastic models Studies Technology Uncertainty
Online-Zugang:	Volltext
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