[en] Uncertainty and technical efficiency in Finnish agriculture : astate-contingent approach

Type de document

Instance

INRAE

Est une partie de

Mots clés en

Humanities and Social Sciences
state-contingent production theory
uncertainty
inefficiency
Finland
PRODUCTION RISK
FRONTIER

Date de publication

Langue du document

Anglais

Editeur

Oxford University Press (OUP)

Résumé

[en] In this article, we present one of the first real-world empirical applications of state-contingent production theory. Our state-contingent behavioural model allows us to analyse production under both inefficiency and uncertainty without regard to the nature of producer risk preferences. Using farm data for Finland, we estimate a flexible production model that permits substitutability between state-contingent outputs. We test empirically and reject an assumption that has been implicit in almost all efficiency studies conducted in the last three decades, namely that the production technology is output-cubical, i.e. that outputs are not substitutable between states of nature.

Nom de la revue

European Review of Agricultural Economics

Collection

Source

HAL

Type de ressource

Texte intégral

Licence

Distributed under a Creative Commons Attribution 4.0 International License

Citation bibliographique

Celine Nauges, Christopher J. O'Donnell, John Quiggin. Uncertainty and technical efficiency in Finnish agriculture : astate-contingent approach. European Review of Agricultural Economics, 2011, 38 (4), pp.449 - 467. [10.1093/erae/jbr014]. [hal-02652207]

Citer cette ressource

[en] Uncertainty and technical efficiency in Finnish agriculture : astate-contingent approach, dans Études nordiques, consulté le 6 Avril 2025, https://etudes-nordiques.cnrs.fr/s/numenord/item/18299