19-vol. 10, no. 1, january-june, 1995
Articles

Disaggregated estimates of output supply and input demand elasticities

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  • C. Richard Shumway,
  • Pedro A. Villezca Becerra
C. Richard Shumway
Texas A&M University
Pedro A. Villezca Becerra
Universidad Autónoma de Nuevo León
DOI: https://doi.org/10.24201/ee.v10i1.270

Published 1995-01-01

Keywords

  • Texas,
  • United States,
  • agriculture

How to Cite

Shumway, C. R., & Villezca Becerra, P. A. (1995). Disaggregated estimates of output supply and input demand elasticities. Estudios Económicos De El Colegio De México, 10(1), 89–101. https://doi.org/10.24201/ee.v10i1.270

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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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