Work

Derivation of long-run factor demands from short-run responses

Year: 1989

Type: article

Abstract: The concept of the restricted cost function provides a dual approach to the analysis of short-run technology. It allows also, under curvature restrictions, inference of the different possible equilibria, according to constraints on the firms. Moreover, in this paper, the properties of the restricted cost function are spelled out. Substitution possibilities related to the different regimes are also derived from the restricted cost function. This theoretical framework is applied to characterize the French cereal-producing sector by using a cross-section of farms.

Source: Agricultural Economics

DOI: 10.1016/0169-5150(89)90031-5

Author: H Guyomard

Institution: Institut National de la Recherche Agronomique

Language: English

Topic: Agricultural economics and policies

Subfield: Safety Research

Field: Social Sciences

Domain: Social Sciences

SDG: Zero hunger

Open Access status: green

OpenAlex ID: W2106678799

FWCI: 3.549

Cites: 18

Cited by: 15

Related to: 10