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This study uses a translog cost function model based on two different hard clam stocking densities to estimate the cost and price elasticity of input factors to evaluate whether the hard clam polycultures in Yunlin County, Taiwan, have economies of scale and economies of scope and to assess the substitutability between inputs. The study found that farmers with hard clam stocking densities higher than...
This study analyzed the effects of price changes on the annual costs and returns of 162 oyster farmers in Changhua County, Taiwan, who cultivate oysters at two levels of density: low and high. Specifically, it used the translog profit function to evaluate the effects of changes in oyster prices on output supply and the demand of various inputs at the two densities of oyster cultivation. The study...
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