The Impact of Dynamic Profit Maximization on Biodiversity: A Network DEA Application to UK Cereal Farms.
| dc.creator | Ang, Frederic | |
| dc.creator | Mortimer, Simon | |
| dc.creator | Areal, Francisco | |
| dc.creator | Tiffin, Richard | |
| dc.date | 2017-04-01T19:31:59Z | |
| dc.date.accessioned | 2026-07-09T09:19:33Z | |
| dc.description | Using a nonparametric framework, we analyse the impact of dynamic profit maximization on biodiversity for a sample of UK cereal farms for the year 2007. Recognizing the drawbacks of directly implementing biodiversity as an output or input in a distance function framework, we only consider inputs and outputs that are clear choice variables from the firm’s perspective. We use a dynamic, intertemporal profit function to take into account adjustment costs. We assess how dynamic profit maximization may shift land use allocation and, as a consequence, the Shannon index for crop diversification. Doing so allows us to calculate the shadow prices of crop diversification in a novel way that is consistent with the dynamic theory of the firm. | |
| dc.identifier | doi:10.22004/ag.econ.205857 | |
| dc.identifier | https://ageconsearch.umn.edu/record/205857/files/The%20Impact%20of%20Dynamic%20Profit%20Maximisation%20on%20Biodiversity.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/205857 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/607859 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/205857 | |
| dc.title | The Impact of Dynamic Profit Maximization on Biodiversity: A Network DEA Application to UK Cereal Farms. | |
| dc.type | Text |