The purposes of this research were to measure the profit efficiency of sample Irish potato farms and subsequently to explore determinants of profit inefficiency in the Dedza district of Malawi. Flexible Stochastic Profit Frontier Analysis was used to measure profit efficiency. Farmers from 200 randomly selected farmers were interviewed for plot level data. Research results revealed that the ave...

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Recent research on the impact of institutions su¤ers from historical, theoretical, and methodological problems. The historical issue is whether the initially poorer countries became wealthier, as Acemoglou, Johnson, and Robinson (2002) would have us believe. The theoretical question is whether the institutions that should matter are those that protect property rights or those that coordindate i...

Introduction Conclusions References

This paper incorporates the milk quota system into technical efficiency analysis of dairy farms in England and Wales. Our approach accounts for milk quota trade, allowing an investigation of the relationship between the way in which milk quota market is used by farmers and technical efficiency. In addition, several explanatory variables for inefficiency were used. Results obtained from a Bayesi...