Estimating Production Risk and Inefficiency Simultaneously: An Application to Cotton Cropping Systems

Edward Jaenicke, Darren L. Frechette and James Larson ()

Journal of Agricultural and Resource Economics, 2003, vol. 28, issue 3, 18

Abstract: By using a stochastic frontier framework, the mutual effect of input use on production risk and inefficiency is investigated. Disentangling this mutual effect proves important for empirical reasons, at least when applied to west Tennessee cotton systems grown after various cover crops. The most striking result is that the stochastic frontier model, when compared with a typical Just-Pope model, reorders the relative riskiness of cover-crop regimes associated with the cotton systems.

Keywords: Production; Economics (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:ags:jlaare:31059

DOI: 10.22004/ag.econ.31059

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