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Alternative Measures of Supply Elasticities: The Case of São Paulo Coffee
Author(s) -
Saylor R. Gerald
Publication year - 1974
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1239350
Subject(s) - econometrics , economics , point (geometry) , welfare economics , mathematics , geometry
Nerlovian supply functions are fitted to post‐World War II coffee data for São Paulo, Brazil. Supply shifts are permitted through the use of dummy variables, and recent specifications of irreversible functions are tested. The modified Nerlovian functions perform best from both the economic and statistical point of view.