By Armando Mendes, Emiliana L. D. G. Soares da Silva, Jorge M Azevedo Santos
The editors draw on a 3-year undertaking that analyzed a Portuguese quarter intimately, evaluating this research with papers from different areas. purposes contain the estimation of technical potency in agricultural grazing structures (dairy, red meat and combined) and particularly for dairy farms. The conclusions point out that it's now essential to aid small dairy farms so one can cause them to extra effective. those effects may be in comparison with the technical potency of a pattern of Spanish dairy processing businesses provided via Magdalena Kapelko and co-authors.
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Additional info for Efficiency Measures in the Agricultural Sector: With Applications
Allocative efficiency occurs when the marginal rate of substitution between inputs equals the input price ratio, or as it operates at an optimal proportion use of inputs, given the prices. 3 Cross-Sectional Frontier Models In a cross-sectional context and depending on the specification of the parametric frontier function error term (one or two component), models used for the estimation of technical efficiency can be classified as deterministic frontier models or as stochastic frontier models. The parametric approach to efficiency measurement estimation appears in the production theory with Aigner and Chu (1968) being the first to follow Farrell’s suggestion, but it is in the 1970s that the study of economic efficiency in the sectional context develops most.
Econometrica 19:273–292 Farrell M (1957) The measurement of productive efficiency. J R Stat Soc A Gen 120:253–281 Farsi M, Filippini M, Greene WH (2005) Efficiency measurement in network industries: application to the Swiss railway companies. J Regul Econ 28(1):69–90 Farsi M, Filippini M, Kuenzle M (2006) Cost efficiency in regional bus companies: an application of alternative stochastic frontier models. J Transp Econ Policy 40(1):95–118 Forsund FR (1992) A comparison of parametric and non-parametric efficiency measures: the case of Norwegian ferries.
Both (1) the conceptual contribution of Koopmans (1951), defining technical efficiency as a feasible input–output combination where it is not possible to increase output (decrease input) without simultaneously increasing input (decreasing output), and (2) the Debreu coefficient of resource cost allocation for the measurement of technical and allocative inefficiency, supported by resources, technology and preferences and resulting from the ratio between minimized resource costs of obtaining a given consumption bundle and actual costs, for given prices and a proportional contraction of resources (Forsund and Sarafoglou 2002), represent significant contributions to interpretation of efficiency.