Disaggregated estimates of output supply and input demand elasticities

  • C. Richard Shumway Texas A&M University
  • Pedro A. Villezca Becerra Universidad Autónoma de Nuevo León
Keywords: Texas, United States, agriculture

Abstract

Designed for consistency with competitive theory, non-rejected simplifying assumptions and multi-stage choice, aggregate dual models are specified of Texas agricultural production. Disaggregated own- and cross-price elasticities are derived for 25 commodity supplies and six input demands. Estimated supplies and demands are largely inelastic. Outputs are mainly economic substitutes and inputs are economic complements.

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Published
01-01-1995
How to Cite
ShumwayC. R., & Villezca BecerraP. (1995). Disaggregated estimates of output supply and input demand elasticities. Estudios Económicos, 10(1), 89-101. https://doi.org/10.24201/ee.v10i1.270
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