Application of Stochastic Frontier Model on Agriculture

Application of Stochastic Frontier Model on Agriculture PDF Author: Solomon Bizuayehu Wassie
Publisher: BoD – Books on Demand
ISBN: 3848205688
Category : Agricultural productivity
Languages : en
Pages : 94

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Book Description

Application of Stochastic Frontier Model on Agriculture

Application of Stochastic Frontier Model on Agriculture PDF Author: Solomon Bizuayehu Wassie
Publisher: BoD – Books on Demand
ISBN: 3848205688
Category : Agricultural productivity
Languages : en
Pages : 94

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Book Description


Frontier Production Functions, Technical Efficiency and Panel Data

Frontier Production Functions, Technical Efficiency and Panel Data PDF Author: George Edward Battese
Publisher:
ISBN: 9780858349704
Category : Agricultural productivity
Languages : en
Pages : 31

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Book Description


Efficiency Measures in the Agricultural Sector

Efficiency Measures in the Agricultural Sector PDF Author: Armando Mendes
Publisher: Springer Science & Business Media
ISBN: 9400757395
Category : Science
Languages : en
Pages : 207

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Book Description
The editors draw on a 3-year project that analyzed a Portuguese area in detail, comparing this study with papers from other regions. Applications include the estimation of technical efficiency in agricultural grazing systems (dairy, beef and mixed) and specifically for dairy farms. The conclusions indicate that it is now necessary to help small dairy farms in order to make them more efficient. These results can be compared with the technical efficiency of a sample of Spanish dairy processing firms presented by Magdalena Kapelko and co-authors.

Stochastic Frontier Analysis

Stochastic Frontier Analysis PDF Author: Subal C. Kumbhakar
Publisher: Cambridge University Press
ISBN: 1107717302
Category : Business & Economics
Languages : en
Pages : 348

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Book Description
Modern textbook presentations of production economics typically treat producers as successful optimizers. Conventional econometric practice has generally followed this paradigm, and least squares based regression techniques have been used to estimate production, cost, profit and other functions. In such a framework deviations from maximum output, from minimum cost and cost minimizing input demands, and from maximum profit and profit maximizing output supplies and input demands, are attributed exclusively to random statistical noise. However casual empiricism and the business press both make persuasive cases for the argument that, although producers may indeed attempt to optimize, they do not always succeed. This book develops econometric techniques for the estimation of production, cost and profit frontiers, and for the estimation of the technical and economic efficiency with which producers approach these frontiers. Since these frontiers envelop rather than intersect the data, and since the authors continue to maintain the traditional econometric belief in the presence of external forces contributing to random statistical noise, the work is titled Stochastic Frontier Analysis.

A Practitioner's Guide to Stochastic Frontier Analysis Using Stata

A Practitioner's Guide to Stochastic Frontier Analysis Using Stata PDF Author: Subal C. Kumbhakar
Publisher: Cambridge University Press
ISBN: 1316194493
Category : Business & Economics
Languages : en
Pages : 375

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Book Description
A Practitioner's Guide to Stochastic Frontier Analysis Using Stata provides practitioners in academia and industry with a step-by-step guide on how to conduct efficiency analysis using the stochastic frontier approach. The authors explain in detail how to estimate production, cost, and profit efficiency and introduce the basic theory of each model in an accessible way, using empirical examples that demonstrate the interpretation and application of models. This book also provides computer code, allowing users to apply the models in their own work, and incorporates the most recent stochastic frontier models developed in academic literature. Such recent developments include models of heteroscedasticity and exogenous determinants of inefficiency, scaling models, panel models with time-varying inefficiency, growth models, and panel models that separate firm effects and persistent and transient inefficiency. Immensely helpful to applied researchers, this book bridges the chasm between theory and practice, expanding the range of applications in which production frontier analysis may be implemented.

Operations Research and Enterprise Systems

Operations Research and Enterprise Systems PDF Author: Greg H. Parlier
Publisher: Springer
ISBN: 3030160351
Category : Computers
Languages : en
Pages : 254

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Book Description
This book constitutes revised selected papers from the 7th International Conference on Operations Research and Enterprise Systems, ICORES 2018, held in Funchal, Madeira, Portugal, in January 2018. The 12 papers presented in this volume were carefully reviewed and selected from a total of 59 submissions. They are organized in topical sections named: methodologies and technologies; and applications.

Identification of Factors Which Influence the Technical Inefficiency of Indian Farmers

Identification of Factors Which Influence the Technical Inefficiency of Indian Farmers PDF Author: Tim Coelli
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
The agricultural production of Indian farmers is investigated using a stochastic frontier production function which incorporates a model for the technical inefficiency effects. Farm-level data from the International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) are used. Variables considered in the model for the inefficiency effects include the age and level of education of the farmers, farm size and the year of observation. The parameters of the stochastic frontier production function are estimated simultaneously with those involved in the model for the inefficiency effects. This approach differs from the usual practice of predicting farm-level inefficiency effects and then regressing these upon various factors in a second-stage of modelling. The results indicate that the above factors do have a significant influence upon the inefficiency effects of farmers in two of the three villages considered.

Multi-Output Production and Duality: Theory and Applications

Multi-Output Production and Duality: Theory and Applications PDF Author: Rolf Färe
Publisher: Springer Science & Business Media
ISBN: 9780792395188
Category : Business & Economics
Languages : en
Pages : 194

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Book Description
This text presents a complete summary of the major results in duality theory pioneered by Ronald W. Shephard. Building on this base, the authors present new findings including the duality relationship between the profit function and the eight equivalent representations of technology that were elucidated by Shephard. Finally, it provides a number of applications of duality theory to economic problems. These include efficiency measurement, index number theory, shadow pricing, cost-benefit analysis and econometric estimation.

Handbook of Production Economics

Handbook of Production Economics PDF Author: Subhash C. Ray
Publisher: Springer Nature
ISBN: 9811034559
Category : Business & Economics
Languages : en
Pages : 1797

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Book Description
This three-volume handbook includes state-of-the-art surveys in different areas of neoclassical production economics. Volumes 1 and 2 cover theoretical and methodological issues only. Volume 3 includes surveys of empirical applications in different areas like manufacturing, agriculture, banking, energy and environment, and so forth.

Bayesian Modeling Using WinBUGS

Bayesian Modeling Using WinBUGS PDF Author: Ioannis Ntzoufras
Publisher: John Wiley & Sons
ISBN: 1118210352
Category : Mathematics
Languages : en
Pages : 477

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Book Description
A hands-on introduction to the principles of Bayesian modeling using WinBUGS Bayesian Modeling Using WinBUGS provides an easily accessible introduction to the use of WinBUGS programming techniques in a variety of Bayesian modeling settings. The author provides an accessible treatment of the topic, offering readers a smooth introduction to the principles of Bayesian modeling with detailed guidance on the practical implementation of key principles. The book begins with a basic introduction to Bayesian inference and the WinBUGS software and goes on to cover key topics, including: Markov Chain Monte Carlo algorithms in Bayesian inference Generalized linear models Bayesian hierarchical models Predictive distribution and model checking Bayesian model and variable evaluation Computational notes and screen captures illustrate the use of both WinBUGS as well as R software to apply the discussed techniques. Exercises at the end of each chapter allow readers to test their understanding of the presented concepts and all data sets and code are available on the book's related Web site. Requiring only a working knowledge of probability theory and statistics, Bayesian Modeling Using WinBUGS serves as an excellent book for courses on Bayesian statistics at the upper-undergraduate and graduate levels. It is also a valuable reference for researchers and practitioners in the fields of statistics, actuarial science, medicine, and the social sciences who use WinBUGS in their everyday work.