This paper considers a statistical model for a production frontier that is consistent with the traditional (nonstochastic) definition of a production function given in microeconomic theory. Limiting cases of the model are the familiar average production function and an envelope production function. Maximum‐likelihood estimators for the parameters of the model are defined. The three related…
Australian Journal of Agricultural Economics Template
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About the Australian Journal of Agricultural Economics format
Australian Journal of Agricultural Economics is a peer-reviewed journal published by Wiley, covering Agricultural Economics and Policy, Economics of Agriculture and Food Markets, Agricultural Innovations and Practices.
| Publisher | Wiley |
|---|---|
| Reference style | Author–year (Chicago) Author–year — (Smith, 2023) in the text Smith, Ada, Ben Jones, and Cara Lee. 2023. "A Representative Article Title." Australian Journal of Agricultural Economics 12 (3): 45–58.
Formats any DOI in Australian Journal of Agricultural Economics style. No sign-up. |
| Publishes research in | Agricultural Economics and Policy Economics of Agriculture and Food Markets Agricultural Innovations and Practices Cooperative Studies and Economics Livestock and Poultry Management |
| ISSN | 0004-9395 |
| h-index | 40 |
| i10-index | 203 |
| Total citations | 10,435 |
| Top institutions publishing here | Australian Bureau of Agricultural and Resource Economics |
| Journal website | onlinelibrary.wiley.com |
| You get | A submission-ready PDF and the editable LaTeX source — ready to submit. |
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Most-cited papers in Australian Journal of Agricultural Economics
In this paper recent developments in the estimation of frontier functions and the measurement of efficiency are surveyed, and the potential applicability of these methods in agricultural economics is discussed. Frontier production, cost and profit functions are discussed, along with the construction of technical, allocative, scale and overall efficiency measures relative to these estimated frontiers.…
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 rapid growth of Australian mineral exports, through its effect on the balance of payments, is a significant force for structural change in other sectors. From the viewpoint of the rural sector which exports and the manufacturing sector which competes with imports, this force will be similar to that which would flow from very large…
A hedonic price function, relating the price of Australian wine to its attributes, is estimated. Six attribute groups are found to be statistically important in explaining deviations from average wine prices, i.e., quality, cellaring potential, grape variety/style, grape region, grape vintage and producer size. Various interaction terms between these variables and the impact of the…