Moghnieh, Ghassan A.; Featherstone, Allen M.; Goodwin, … - Department of Agricultural Economics, Kansas State … - 1991
This study investigates nonparametrically the optimizing behavior of a sample of 289 Kansas farms under profit-maximizing and cost-minimizing hypotheses. The results do not support strict adherence to either optimization hypothesis. However, evidence against cost-minimizing behavior seems to be...