A VIRTUALLY IDEAL PRODUCTION SYSTEM - SPECIFYING AND ESTIMATING THE VIPS MODEL

被引:16
作者
CHAMBERS, RG [1 ]
POPE, RD [1 ]
机构
[1] BRIGHAM YOUNG UNIV,PROVO,UT 84602
关键词
DERIVED DEMAND; INPUTS; OUTPUTS; PROFIT FUNCTIONS; PRODUCTION; SUPPLY;
D O I
10.2307/1243925
中图分类号
F3 [农业经济];
学科分类号
0202 ; 020205 ; 1203 ;
摘要
We characterize the class of profit functions termed VIPS for ''virtually ideal production system.'' VIPS is consistent with all derived demands being linear in numeric functions of output prices. A flexible but parsimonious version of the VIPS profit function is specified and the implied supply-response system is estimated using aggregate U.S. agricultural data.
引用
收藏
页码:105 / 113
页数:9
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