While tests of producer rationality defined as conformity to the rules of profit maximization (or a similar postulate) for less developed countries are numerous, such tests for high-income countries are rare. This study investigates the extent of rationality observed in the production behavior...

An economic production function was derived in an analysis of water application to corn by phonological time periods. The quantities of use of water by growth periods as delineated by physical stages were tested for influence on final output of dry matter and grain. Several yearsÂ’ data for...

The economic efficiency of 68 Ecuadorian dairy farms is investigated by estimating technical, allocative, and scale efficiencies for each using stochastic frontier methodology. Empirical results show that technical inefficiency exists for all of these farms – ranging from 11.8% to 12.8%....