1976•American Journal of Agricultural EconomicsRequires access

Prices and Demands for Input Characteristics

George W. Ladd, Marvin Bruce Martin

Abstract

Abstract Price of an input equals the sum of the money values of the input's characteristics to the purchaser; money value of each of an input's characteristics equals the input's yield of the characteristic multiplied by the money value of one unit of the characteristic. Demand for an input is affected by the input's characteristics. The themes are derived from a neoclassical firm model, in which the arguments of the firm's production function are quantities of input characteristics used, and from duals of linear programming blending problems. These themes are used to evaluate corn grades.

About this research paper

What this paper is about

Why it matters

OpenAlex reports 199 citations for this work. Citation counts describe recorded attention and do not establish research quality.

Key contribution

A contribution statement is not available in the OpenAlex record.

Method / approach

Method details are not available in the OpenAlex metadata.

Main findings

Findings are not separately available in the OpenAlex metadata.

Limitations

Limitations are not available in the OpenAlex metadata.

Applications

Application details are not available in the OpenAlex metadata.

Available abstract

Key concepts: Dual polyhedron, Value (mathematics), Economics, Production (economics), Time value of money, Function (biology), Yield (engineering), Unit (ring theory)