Do Indian farmers maximise profits?
利用1969/70年印度泰米尔纳德邦坦贾武尔地区的农场管理数据,通过受限利润函数模型检验新古典竞争条件下农民是否最大化利润,结果否定了该模型。
The aim of this paper is to test the hypothesis that Indian farmers maximise profits under neo‐classical competitive conditions. We use a restricted profit function model (using duality theory) which gives us a set of equations that can be estimated subject to the restrictions imposed by neo‐classical economic theory. Using Farm Management Studies data from the Thanjavur district of Tamil Nadu (India) for 1969/70 we test the model. Our results reject the model conclusively. We conclude the paper with a discussion of the possible reasons for the rejection of the model.