Factor demand and returns to scale in milk production: effects of price, substitution and technology
1984
Hoque, A. | Adelaja, A.
Extract: The purpose of this paper is to examine the nature of the structural changes that occurred in dairy farming as a result of changes in technology and factor prices. Specially, the paper estimates the derived demand for inputs, both energy and non-energy, the factor substitutions between categories of inputs and the returns to scale in the northeastern dairy industry. In this study, the characteristics of productive behavior in dairy farming were analyzed by the cost function approach given in the duality theory of production.
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