Efficiency estimation in a profit maximising model using flexible production function
| dc.creator | Kumbhakar, Subal C. | |
| dc.date | 2017-04-01T20:13:01Z | |
| dc.date.accessioned | 2026-07-09T08:08:53Z | |
| dc.description | This paper uses a flexible (translog) production function to estimate efficiency of 227 farms from West Bengal, India. We consider estimation of technical and allocative inefficiencies using a profit maximising framework which accommodates both endogenous and exogenous inputs. The maximum likelihood method of estimation developed in this paper is based on the production function and the first-order conditions of profit maximisation. Farm-specific technical and allocative inefficiencies are also estimated. Empirical results show that the mean level of technical efficiency is 75.46% while the best farm is 85.87% efficient (technically). So far as allocative efficiency is concerned the majority of the farms are found to be under-users of the endogenous inputs, viz., fertiliser, manure, human and bullock labour. | |
| dc.identifier | doi:10.22004/ag.econ.173350 | |
| dc.identifier | https://ageconsearch.umn.edu/record/173350/files/agec1994v010i002a003.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/173350 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/596046 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/173350 | |
| dc.title | Efficiency estimation in a profit maximising model using flexible production function | |
| dc.type | Text |