Work

Methods for Evaluating Economic Efficiency in Agricultural Marketing

Year: 1984

Type: article

Abstract: An economically efficient allocation of resources maximizes consumer and producer surpluses. It can be shown that under perfectly competitive conditions, an efficient allocation of resources will evolve. It may be the global welfare optimum, but for a given set of conditions, consumer and producer surpluses can be maximized.

Source: Journal of Agricultural and Applied Economics

DOI: 10.1017/s0081305200016575

Authors: Richard L. Kilmer, Walter J. Armbruster

Institution: University of Florida

Language: English

Topic: Agricultural economics and policies

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Zero hunger

Open Access status: green

OpenAlex ID: W2138916409

FWCI: 3.221

Cites: 40

Cited by: 13

Related to: 10