The Review of Economics and Statistics Vol. 75 No. 2 1993
Short-Run Returns to Scale, Farm-Size, and Economic Efficiency
Abstract
This paper analyzes the effects of returns to scale, farm-size, technical, allocative, and scale inefficiencies on the profitability of Utah dairy farms. It derives the conditions necessary to compare the profitability of farms within and between different size classifications as small, medium, and large. Some comparative static results regarding increases in input prices and a decrease or withdrawal of price support on profitability of small, medium, and large farms are presented.
- DOI
- 10.2307/2109441
- Volume
- 75
- Issue
- 2
- Pages
- 336
- Sources
- crossref openalex