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Agricultural Output Supply and Input Demand Relationships with Endogenous Land Rents

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  • Maligaya, Arlyn R.
  • White, Fred C.

Abstract

This study analyzed supply functions for agricultural output and demand functions for factors of production for Georgia. These relationships were derived with duality theory from a normalized quadratic profit function. Land has been included in other duality studies as a fixed factor as opposed to an endogenous factor. In this study, the system of supply and demand equations was augmented with a supply equation for land, which allowed land rents to be an endogenous factor. Consequently, it was possible to measure the impact of output and input prices on land rents.

Suggested Citation

  • Maligaya, Arlyn R. & White, Fred C., 1989. "Agricultural Output Supply and Input Demand Relationships with Endogenous Land Rents," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 21(2), pages 13-20, December.
    • Handle: RePEc:cup:jagaec:v:21:y:1989:i:02:p:13-20_00
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    Cited by:

    1. Góral, Justyna & Rembisz, Włodzimierz, 2020. "The Model of Demand for Production Factors in Agriculture," Problems of Agricultural Economics / Zagadnienia Ekonomiki Rolnej 311224, Institute of Agricultural and Food Economics - National Research Institute (IAFE-NRI).
    2. repec:zib:zbmahj:v:2:y:2022:i:1:p:34-39 is not listed on IDEAS
    3. Boonyanam, Nararuk, 2020. "Agricultural economic zones in Thailand," Land Use Policy, Elsevier, vol. 99(C).
    4. Allen, Keighton R. & Fullerton, Thomas M., Jr., 2018. "Analyzing Small Industrial and Commercial User Demand for Electricity," MPRA Paper 98988, University Library of Munich, Germany, revised 22 Oct 2018.
    5. C. Richard Shumway, 1993. "Production economics: Worthwhile investment?," Agricultural Economics, International Association of Agricultural Economists, vol. 9(2), pages 89-108, August.
    6. Pierre Dupraz & Chalachew Temesgen Jemberie, 2012. "Farmland rental rate and marginal return to land: A french FADN perspective," Post-Print hal-01208927, HAL.

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