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1973•AgEcon Search (University of Minnesota, USA)Open access

TECHNOLOGY AND THE AGRICULTURAL OUTPUT MIX

Martin E. Abel, Delane E. Welsch, Abel, Martin E., Welsch, Delane E.

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Abstract

The purpose of this paper is to show how the allocation of research resources among commodities and the effects of such allocations on the output mix depend upon (a) the initial production conditions, (b) the nature of the research production functions, and (c) the nature of the demand relations for the commodity outputs. The basic model used is a two-factor, two-product model in which certain types of technical change are introduced.

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What this paper is about

The purpose of this paper is to show how the allocation of research resources among commodities and the effects of such allocations on the output mix depend upon (a) the initial production conditions, (b) the nature of the research production functions, and (c) the nature of the demand relations for the commodity outputs. The basic model used is a two-factor, two-product model in which certain types of technical change are introduced.

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Available abstract

The purpose of this paper is to show how the allocation of research resources among commodities and the effects of such allocations on the output mix depend upon (a) the initial production conditions, (b) the nature of the research production functions, and (c) the nature of the demand relations for the commodity outputs. The basic model used is a two-factor, two-product model in which certain types of technical change are introduced.

Key concepts: Production (economics), Commodity, Product mix, Product (mathematics), Industrial organization, Economics, Microeconomics, Agriculture

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