[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
Mots clés fr
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
Est une version de
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