Measuring the Impact of Staple Strength-Enhancing Technologies on Australian Wool Producer Profits: A Duality-Based Approach

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dc.creatorTempleton, Deborah J.
dc.creatorGriffith, Garry R.
dc.creatorPiggott, Roley R.
dc.creatorO'Donnell, Christopher J.
dc.date2017-04-01T14:03:06Z
dc.date.accessioned2026-07-09T03:06:01Z
dc.descriptionWool tenderness is a significant problem in Australia, especially in areas where sheep graze under highly seasonal conditions. In this study, a duality-based modeling framework is implemented to assess the economic impact of staple strength-enhancing research on the profits of Australian woolgrowers. Within this framework, a normalized quadratic profit function is specified and estimated. The model is based on a number of fundamental characteristics of the Australian wool industry and the staple-strength enhancing technology being assessed. The model consists of a system of equations that are specified in terms of effective, rather than actual, prices. The interrelationships between the netputs are allowed for in the model in a manner that is consistent with the theoretical restrictions that arise as a result of assuming profit maximization, ensuring that the welfare calculations are unambiguous.
dc.identifierdoi:10.22004/ag.econ.12922
dc.identifierhttps://ageconsearch.umn.edu/record/12922/files/wp040005.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/12922
dc.identifier.urihttp://hdl.handle.net/123456789/526479
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/12922
dc.titleMeasuring the Impact of Staple Strength-Enhancing Technologies on Australian Wool Producer Profits: A Duality-Based Approach
dc.typeText

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