Disaggregated estimates of output supply and input demand elasticities
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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