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Journal ArticleDOI

Stochastic specification of production functions and economic implications

Richard E. Just, +1 more
- 01 Feb 1978 - 
- Vol. 7, Iss: 1, pp 67-86
TLDR
In this article, the stochastic specification of input-output response is examined and several postulates are set forth which seem reasonable on the basis of a priori theorizing and observed behavior.
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This article is published in Journal of Econometrics.The article was published on 1978-02-01. It has received 711 citations till now.

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Citations
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Adoption of agricultural innovation in developing countries : a survey (revised)

TL;DR: This article reviewed various studies which have provided a description of and possible explanation to patterns of innovation adoption in the agricultural sector and highlighted the diversity in observed patterns among various farmers' classes as well as differences in results from different studies in different socioeconomic environments.
Journal ArticleDOI

Frontier production functions and technical efficiency: a survey of empirical applications in agricultural economics

TL;DR: The modelling and estimation of frontier production functions has been an important area of econometric research during the last two decades as mentioned in this paper, and a survey of empirical applications in agricultural economics is an important part of the paper.
Posted ContentDOI

Managing Risk in Farming: Concepts, Research, and Analysis

TL;DR: The authors provides a rigorous, yet accessible, description of risk and risk management tools and strategies at the farm level and provides never-before-published data on farmers' assessments of the risks they face, their use of alternative risk management strategies, and the changes they would make if faced with financial difficulty.
Journal ArticleDOI

Econometric Estimation of Producers' Risk Attitudes

TL;DR: In this article, a moment-based version of the general model is applied to Indian data, and the econometrically estimated risk attitudes are presented and compared to experimental results for a similar group of producers.
Journal ArticleDOI

The Acquisition of Information and the Adoption of New Technology

TL;DR: A dynamic model of diffusion of a new technology involving a variable input highlights the role of active information accumulation, which entails costs, and provides a possible explanation to the often observed lag in adoption of innovations by smaller farmers.
References
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Book

Linear statistical inference and its applications

TL;DR: Algebra of Vectors and Matrices, Probability Theory, Tools and Techniques, and Continuous Probability Models.
Journal ArticleDOI

An Efficient Method of Estimating Seemingly Unrelated Regressions and Tests for Aggregation Bias

TL;DR: In this paper, a method of estimating the parameters of a set of regression equations is reported which involves application of Aitken's generalized least-squares to the whole system of equations.
Journal ArticleDOI

Linear Statistical Inference and its Applications

TL;DR: The theory of least squares and analysis of variance has been studied in the literature for a long time, see as mentioned in this paper for a review of some of the most relevant works. But the main focus of this paper is on the analysis of variance.
Journal ArticleDOI

Elements of Econometrics.

TL;DR: The Elements of Econometrics as mentioned in this paper is a textbook for upper-level undergraduate and master's degree courses and may usefully serve as a supplement for traditional Ph.D. courses in economics.
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