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Alternative models of input allocation in multicrop systems: Irrigation water in the Central Plains, United States
Author(s) -
Moore Michael R.,
Gollehon Noel R.,
Carey Marc B.
Publication year - 1994
Publication title -
agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.29
H-Index - 82
eISSN - 1574-0862
pISSN - 0169-5150
DOI - 10.1111/j.1574-0862.1994.tb00328.x
Subject(s) - satisficing , econometrics , econometric model , production (economics) , variable (mathematics) , irrigation , specification , economics , computer science , mathematics , microeconomics , ecology , biology , mathematical analysis
This paper compares three models of input allocation in multicrop systems. In addition to the variable input and satisficing models analyzed in previous research, an allocatable fixed input model of short‐run input use is derived. The empirical application studies irrigation water use in the Central Plains region of the United States. Based on results from model specification tests and prediction accuracy measures, the allocatable fixed input model dominates both other models in explaining multicrop water allocation. In addition, the paper presents an alternative approach to the study of deficient data on multicrop production. By transferring econometric results from analysis of ‘non‐deficient’ crop‐level data, input allocations in deficient data sets can be predicted.