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The von Liebig hypothesis



The von Liebig hypothesis



American journal of agricultural economics 74(4): 1019-1028



Using a celebrated sample of corn response to nitrogen and phosphorus collected by Heady and Pesek, it is shown that a von Liebig model with Mitscherlich regimes is the best interpreter of the experimental data. This assertion is based upon the results of nonnested hypothesis tests among five alternatives. An extension of the test to switching regression models reinforces the superiority of the von Liebig hypothesis for this sample. Cost functions, dual to von Liebig production functions, have continuous derivatives with respect to the parameters and may be easier to estimate when input prices are available.

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Accession: 002530972

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DOI: 10.2307/1243200



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