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- Title
Profit Based Efficiency Measures, with an Application to Rice Production in Southern India.
- Authors
Smith, Rodney B. W.; Gemma, Masahiko; Palinisami, K.
- Abstract
Using non-parametric methods, we estimate the foregone rents due to credit, allocative, and technical inefficiencies of subsistence farmers in Southern India. The lost rents are estimated directly from the Nerlovian efficiency index, and the results suggest the largest foregone rents derive from allocative inefficiencies and then credit inefficiencies. Also, results suggest that farms without well access experience larger losses than those with well access. Econometric results suggest education, the presence of tank water management efforts, and well access influence the level of foregone rent due to allocative and Nerlovian inefficiencies. Educational activities and policies to encourage better management of tanks are considered important for lowering the foregone losses.
- Subjects
SOUTH India; PRODUCTION (Economic theory); PROFIT; RICE marketing; ECONOMETRICS; INDUSTRIAL efficiency; BUSINESS losses
- Publication
Journal of Agricultural Economics, 2011, Vol 62, Issue 2, p340
- ISSN
0021-857X
- Publication type
Article
- DOI
10.1111/j.1477-9552.2010.00288.x