Estimating Production Risk and Inefficiency Simultaneously: An Application to Cotton Cropping Systems

Edward C. Jaenicke, Darren L. Frechette, James A. Larson

Research output: Contribution to journalArticlepeer-review

15 Scopus citations

Abstract

By using a stochastic frontier framework, the mutual effect of input use on production risk and inefficiency is investigated. Disentangling this mutual effect proves important for empirical reasons, at least when applied to west Tennessee cotton systems grown after various cover crops. The most striking result is that the stochastic frontier model, when compared with a typical Just-Pope model, reorders the relative riskiness of cover-crop regimes associated with the cotton systems.

Original languageEnglish (US)
Pages (from-to)540-557
Number of pages18
JournalJournal of Agricultural and Resource Economics
Volume28
Issue number3
StatePublished - Dec 1 2003

All Science Journal Classification (ASJC) codes

  • Animal Science and Zoology
  • Agronomy and Crop Science
  • Economics and Econometrics

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