Uncertainty and technical efficiency in Finnish agriculture: a state-contingent approach
首次将状态依存生产理论应用于实际农业数据，分析芬兰农场在不确定性和无效率下的生产行为，并检验了传统效率研究中隐含的输出立方体假设。
In this article, we present one of the first real-world empirical applications of state-contingent production theory. Our state-contingent behavioural model allows us to analyse production under both inefficiency and uncertainty without regard to the nature of producer risk preferences. Using farm data for Finland, we estimate a flexible production model that permits substitutability between state-contingent outputs. We test empirically and reject an assumption that has been implicit in almost all efficiency studies conducted in the last three decades, namely that the production technology is output-cubical, i.e. that outputs are not substitutable between states of nature.