The Technical Efficiency of Illinois Grain Farms: An Application of a Ray-Homothetic Production Function
- 1 July 1987
- journal article
- research article
- Published by Cambridge University Press (CUP) in Journal of Agricultural and Applied Economics
- Vol. 19 (1) , 69-78
- https://doi.org/10.1017/s0081305200017398
Abstract
The purpose of this paper is to measure the extent of technical inefficiency among a sample of Illinois grain farms using the corrected ordinary least squares method. Instead of assuming a Cobb-Douglas production function, a linear form of the ray-homothetic is used. The results show a significant amount of technical inefficiency among all the farms in the sample, but with large farms being less technically inefficient than small farms.Keywords
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