Premium
THE PROBLEM OF IMPUTING A CHARGE FOR FARMERS‘ MANAGEMENT: A COMMENT
Author(s) -
Burrell A.,
Hill Berkeley
Publication year - 1980
Publication title -
journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.157
H-Index - 61
eISSN - 1477-9552
pISSN - 0021-857X
DOI - 10.1111/j.1477-9552.1980.tb01512.x
Subject(s) - confusion , value (mathematics) , empirical research , estimation , computer science , empirical evidence , economics , empirical examination , econometrics , operations research , positive economics , actuarial science , epistemology , management , psychology , mathematics , machine learning , philosophy , psychoanalysis
In a recent article in this journal, Simon (1979) presented a model intended to provide a basis for the empirical estimation, from FMS data, of the value of the farmer's management input. Unfortunately, Simon's model can be used for this purpose only with the aid of some apparently arbitrary assumptions which are produced without critical examination or empirical evidence. We believe that his approach reveals a mistaken view of how farmers actually behave and a confusion as to the problem and purpose of imputing costs to non‐traded items.