Estimating Production Risk and Inefficiency Simultaneously: An Application to Cotton Cropping Systems

By using a stochastic frontier framework, the mutual effect of input use on production risk and inefficiency is investigated. Disentangling this mutual effect proves important for empirical reasons, at least when applied to west Tennessee cotton systems grown after various cover crops. The most stri...

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Bibliographic Details
Main Authors:	Edward C. Jaenicke, Darren L. Frechette, James A. Larson
Format:	Article
Language:	English
Published:	Western Agricultural Economics Association 2003-12-01
Series:	Journal of Agricultural and Resource Economics
Subjects:	cotton inefficiency just-pope production risk stochastic production frontier
Online Access:	https://ageconsearch.umn.edu/record/31059

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spelling	doaj-df2eec4a39464ce9b0e9afe9fb00ac9e2020-11-25T01:10:22ZengWestern Agricultural Economics AssociationJournal of Agricultural and Resource Economics1068-55022327-82852003-12-0128354055710.22004/ag.econ.3105931059Estimating Production Risk and Inefficiency Simultaneously: An Application to Cotton Cropping SystemsEdward C. JaenickeDarren L. FrechetteJames A. LarsonBy using a stochastic frontier framework, the mutual effect of input use on production risk and inefficiency is investigated. Disentangling this mutual effect proves important for empirical reasons, at least when applied to west Tennessee cotton systems grown after various cover crops. The most striking result is that the stochastic frontier model, when compared with a typical Just-Pope model, reorders the relative riskiness of cover-crop regimes associated with the cotton systems.https://ageconsearch.umn.edu/record/31059cottoninefficiencyjust-popeproduction riskstochastic production frontier
collection	DOAJ
language	English
format	Article
sources	DOAJ
author	Edward C. Jaenicke Darren L. Frechette James A. Larson
spellingShingle	Edward C. Jaenicke Darren L. Frechette James A. Larson Estimating Production Risk and Inefficiency Simultaneously: An Application to Cotton Cropping Systems Journal of Agricultural and Resource Economics cotton inefficiency just-pope production risk stochastic production frontier
author_facet	Edward C. Jaenicke Darren L. Frechette James A. Larson
author_sort	Edward C. Jaenicke
title	Estimating Production Risk and Inefficiency Simultaneously: An Application to Cotton Cropping Systems
title_short	Estimating Production Risk and Inefficiency Simultaneously: An Application to Cotton Cropping Systems
title_full	Estimating Production Risk and Inefficiency Simultaneously: An Application to Cotton Cropping Systems
title_fullStr	Estimating Production Risk and Inefficiency Simultaneously: An Application to Cotton Cropping Systems
title_full_unstemmed	Estimating Production Risk and Inefficiency Simultaneously: An Application to Cotton Cropping Systems
title_sort	estimating production risk and inefficiency simultaneously: an application to cotton cropping systems
publisher	Western Agricultural Economics Association
series	Journal of Agricultural and Resource Economics
issn	1068-5502 2327-8285
publishDate	2003-12-01
description	By using a stochastic frontier framework, the mutual effect of input use on production risk and inefficiency is investigated. Disentangling this mutual effect proves important for empirical reasons, at least when applied to west Tennessee cotton systems grown after various cover crops. The most striking result is that the stochastic frontier model, when compared with a typical Just-Pope model, reorders the relative riskiness of cover-crop regimes associated with the cotton systems.
topic	cotton inefficiency just-pope production risk stochastic production frontier
url	https://ageconsearch.umn.edu/record/31059
work_keys_str_mv	AT edwardcjaenicke estimatingproductionriskandinefficiencysimultaneouslyanapplicationtocottoncroppingsystems AT darrenlfrechette estimatingproductionriskandinefficiencysimultaneouslyanapplicationtocottoncroppingsystems AT jamesalarson estimatingproductionriskandinefficiencysimultaneouslyanapplicationtocottoncroppingsystems
_version_	1725175111374340096

Estimating Production Risk and Inefficiency Simultaneously: An Application to Cotton Cropping Systems

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