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Input Demand and output Supply of Major crops of India: Demand and supply estimation- profit function approach - Couverture souple

Thakare, Sandip S.; Shende, Nishant V.; Shinde, Kishor J.

 
9783659249204: Input Demand and output Supply of Major crops of India: Demand and supply estimation- profit function approach
Couverture souple
ISBN 10 : 3659249203 ISBN 13 : 9783659249204
Editeur : LAP LAMBERT Academic Publishing, 2012

Synopsis

The book provides a clear understanding of the subject of Factor demand and output supply by formulating Cobb-Douglas profit function. Output supply and input demand are closely interlinked to each other, therefore, any change in input and output prices affect the input demand and output supply simultaneously.The Agricultural Prices and Cost (APC) scheme under the guidance of government of Maharashtra provides valuable data about agriculture in Maharashtra.This study used cross sectional cum time series data of Vidarbha region for the selected four principle crops. These four crops occupied about 70 per cent area of the gross cropped area.The theory of profit function, developed to helps in overcoming the problem of simultaneous equation bias, if present. Another distinct advantage of this approach over production function is that with the help of duality theorem (Shephard, 1953), the variable factor demand function and supply function of products can be derived directly from the estimated profit function.This study will provide useful information which can be used to project the direction and extent of the response of farmers to changes in input and output prices.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Présentation de l'éditeur

The book provides a clear understanding of the subject of Factor demand and output supply by formulating Cobb-Douglas profit function. Output supply and input demand are closely interlinked to each other, therefore, any change in input and output prices affect the input demand and output supply simultaneously.The Agricultural Prices and Cost (APC) scheme under the guidance of government of Maharashtra provides valuable data about agriculture in Maharashtra.This study used cross sectional cum time series data of Vidarbha region for the selected four principle crops. These four crops occupied about 70 per cent area of the gross cropped area.The theory of profit function, developed to helps in overcoming the problem of simultaneous equation bias, if present. Another distinct advantage of this approach over production function is that with the help of duality theorem (Shephard, 1953), the variable factor demand function and supply function of products can be derived directly from the estimated profit function.This study will provide useful information which can be used to project the direction and extent of the response of farmers to changes in input and output prices.

Biographie de l'auteur

Name: Dr.Sandip Shridhar Thakare (Assistant Professor Econ SSAC,Amravati) 2. Name of College: Dr. PDKV Akola 3. Research Papers Published: Eight 4.Field of interest: Academic and Banking

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
LAP LAMBERT Academic Publishing
Date d'édition
2012
Langue
anglais
ISBN 10 
3659249203
ISBN 13 
9783659249204
Reliure
Broché
Nombre de pages
156
Coordonnées du fabricant
non disponible
Personne responsable
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