Methods for Evaluating Economic Efficiency in Agricultural Marketing

Richard L. Kilmer · Walter J. Armbruster

13 citations0/0 files storedJournal of Agricultural and Applied Economics

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Agricultural economics and policies Economics of Agriculture and Food Markets Efficiency Analysis Using DEA

Abstract

An economically efficient allocation of resources maximizes consumer and producer surpluses. It can be shown that under perfectly competitive conditions, an efficient allocation of resources will evolve. It may be the global welfare optimum, but for a given set of conditions, consumer and producer surpluses can be maximized.

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References

1957The Measurement of Productive Efficiency 1974Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition 1982Contestable Markets and the Theory of Industry Structure 1951The Division of Labor is Limited by the Extent of the Market 2016Consumer's Surplus Without Apology 1980A survey of frontier production functions and of their relationship to efficiency measurement 2016Markets and Hierarchies: Some Elementary Considerations 1959Microeconomic Theory: A Mathematical Approach

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2016The analysis of production function and farm marketing efficiency of pineapple (Ananas comosus L Merr) in South Sumatera Province, Indonesia

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