ANALYSIS OF INPUT DEMAND AND OUTPUT SUPPLY FUNCTIONS IN CZECH MILK PRODUCTION

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F10%3A48210" target="_blank" >RIV/60460709:41110/10:48210 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
ANALYSIS OF INPUT DEMAND AND OUTPUT SUPPLY FUNCTIONS IN CZECH MILK PRODUCTION
Original language description
The paper deals with an analysis of input demand and output supply functions for the dairy sector in the Czech Republic. The analysis is based on a balanced panel dataset of 36 milk producers within the period 2004?2007. A Cobb-Douglas production function is fitted to describe the production process of the analyzed sample. The heterogeneous technology or efficiency of individual producers is captured by using the method of fixed effects. Then, the results show that the technology is significantly heterogeneous in the analyzed sample, and this causes significant differences in the derived input demand functions and the short-run conditional output supply function. Finally, an analysis of input demand functions and the short-run conditional output supplyfunction shows that the behaviour of more than 50% of the analyzed milk producers is consistent with rational behaviour.
Czech name
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Czech description
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Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
GA - Agricultural economics
OECD FORD branch
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Publication year
2010
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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