Tauer, Loren; Stefanides, Zdenko - In: Applied Economics 30 (1998) 2, pp. 151-156
The weak axiom of profit maximization (WAPM) was used to test how successful each of 70 individual New York State dairy farms was in maximizing profits using nine years of data. The netput vectors were corrected for technological change using nonparametric indices that do not require the...