Date of this Version
Chen, J.Y. and Hassler, J.B. (1970) Evaluating economic efficiency by relative price analysis (feed, livestock and product sectors) (Research Bulletin: Bulletin of the Agricultural Experiment Station of Nebraska No. 239)
The specific objective of this research is to delineate efficient and inefficient economic performance areas and thereby locate the more significant problem aspects for research and program attention. Specific price analyses will be used to evaluate the price interrelationships for functional efficiency in the dimensions of space, form and time. Not only the efficient aspects of production and marketing will be indicated by the analyses but the inefficient aspects of economic performance will be stressed also. This research will provide some foundational information for making decisions, both public and private. Moreover, it will direct the attention of researchers or program makers toward the specific aspects where problems exist which need further research or corrective action.