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Estimation of factor demand and substitution in the Australian pig industry: a dual approach


, : Estimation of factor demand and substitution in the Australian pig industry: a dual approach. Review of Marketing and Agricultural Economics 61(2 (I)): 157-168

This study seeks to estimate the rate by which inputs in Australian pig production are substituted for one another when prices change. It employs a dual approach to response analysis. Using cost shares of inputs and input price indexes for the period 1977/78-1990/91, a set of equations derived from a transcendental logarithmic function is estimated with symmetry and homogeneity constraints imposed.

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