A NONPARAMETRIC APPROACH TO EXPENDITURE-CONSTRAINED PROFIT MAXIMIZATION

被引:56
作者
FARE, R [1 ]
GROSSKOPF, S [1 ]
LEE, H [1 ]
机构
[1] USDA,ECON RES SERV,WASHINGTON,DC 20250
关键词
Expenditure constraint; Frontier technology; Nonparametric approach; Profit maximization;
D O I
10.2307/1243026
中图分类号
F3 [农业经济];
学科分类号
0202 ; 020205 ; 1203 ;
摘要
A nonparametric approach to expenditure-constrained profit maximization is developed. A deterministic frontier profit function is constructed with and without expenditure constraints. Foregone profit is used as dual evidence for the existence of expenditure constraints. Individual evaluations on performance and expenditure constraints are produced. Empirical analysis is based on survey data for California rice farms. Seventeen of the eighty-two surveyed farms experience profit loss as a result of expenditure constraints. © 1990 American Agricultural Economics Association.
引用
收藏
页码:574 / 581
页数:8
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