Estimating Production Risk and Inefficiency Simultaneously: An Application to Cotton Cropping Systems

By using a stochastic frontier framework, the mutual effect of input use on production risk and inefficiency is investigated. Disentangling this mutual effect proves important for empirical reasons, at least when applied to west Tennessee cotton systems grown after various cover crops. The most striking result is that the stochastic frontier model, when compared with a typical Just-Pope model, reorders the relative riskiness of cover-crop regimes associated with the cotton systems.


Issue Date:
2003-12
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/31059
Published in:
Journal of Agricultural and Resource Economics, Volume 28, Number 03
Page range:
540-557
Total Pages:
18




 Record created 2017-04-01, last modified 2017-04-04

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