Using ex ante output elicitation to model state-contingent technologies

Chambers, Robert G., Serra, Terea and Stefanou, Spiro E. (2014) Using ex ante output elicitation to model state-contingent technologies. Journal of Productivity Analysis, 1-9. doi:10.1007/s11123-014-0385-z

Author Chambers, Robert G.
Serra, Terea
Stefanou, Spiro E.
Title Using ex ante output elicitation to model state-contingent technologies
Journal name Journal of Productivity Analysis   Check publisher's open access policy
ISSN 0895-562X
Publication date 2014-02-06
Year available 2014
Sub-type Article (original research)
DOI 10.1007/s11123-014-0385-z
Open Access Status
Start page 1
End page 9
Total pages 9
Place of publication Springer New York
Publisher New York, NY, United States
Collection year 2015
Language eng
Abstract Survey-elicited ex ante outputs are used to develop an empirical representation of an Arrow-Debreu-Savage state-contingent technology in an activity-analysis framework. An empirical test of output-cubicality is developed for that framework. We apply those tools to assess production characteristics of a sample of Catalan farmers specialized in arable crops. Results suggest that imposing nonsubstitutability between ex ante outputs results in no significant loss of information. Even though the technology appears to be output cubical, efficiency measurements based on ex post output observations do not appear to adequately represent the stochastic production environment and apparently yield downward biased technical efficiency measures.
Keyword State-contingent production
Output cubicality
Q-Index Code C1
Q-Index Status Confirmed Code
Institutional Status UQ
Additional Notes Available online ahead of print 6 February 2014.

Document type: Journal Article
Sub-type: Article (original research)
Collections: Official 2015 Collection
School of Economics Publications
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