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PRODUCTION CHOICE IN THE ENGLAND AND WALES DAIRY SECTOR
Author(s) -
Tiffin R.
Publication year - 1991
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.1477-9552.1991.tb00363.x
Subject(s) - production (economics) , economics , profit (economics) , production model , milk production , dairy industry , function (biology) , production function , microeconomics , agricultural economics , public economics , industrial organization , natural resource economics , zoology , chemistry , food science , evolutionary biology , biology
This paper seeks to develop the understanding of the ways in which factors other than price influence the production decisions of dairy farmers. A theoretical model based on a profit function is used to emphasise the way in which changes in the farm's technological environment will influence its production choices. The theoretical model is used as the basis of an empirical study of production choice in the England and Wales dairy sector. Elasticities and factor biases are reported.