Identifying heterogeneous flexibility of dairy farms using a panel smooth transition regression approach - Archive ouverte HAL
Article Dans Une Revue European Review of Agricultural Economics Année : 2024

Identifying heterogeneous flexibility of dairy farms using a panel smooth transition regression approach

Résumé

Our objective is to identify the individual flexibility of dairy farms, which may be the result of heterogeneous input adjustment costs, based on their observed short-run responses to price variations. For this purpose, we propose an analytical framework based on the panel smooth transition regression model with farm-specific threshold parameters. Our model is estimated using data from a sample of French dairy farms over the period 2007–2018. Our empirical results reveal heterogeneous levels of flexibility for these farms, with the most flexible farms appearing to be more autonomous both financially and in terms of animal feed.
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hal-04315305 , version 1 (30-11-2023)

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Elodie Letort, Fabienne Femenia. Identifying heterogeneous flexibility of dairy farms using a panel smooth transition regression approach. European Review of Agricultural Economics, 2024, 51 (1), pp.185-213. ⟨10.1093/erae/jbad037⟩. ⟨hal-04315305⟩
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