Abstract

This study explores how farmers’ managerial behavior in their production planning processes influences the economic performance of their farms, measured through input-oriented and output-oriented technical efficiency. A conceptual framework in which differences in managerial behavior were assumed to be due to bounded rationality was developed. The 3-year means (2006–2008) from a panel data set on grape-producing family farms in FYR Macedonia were analyzed. Technical efficiency was estimated with the nonparametric data envelopment analysis approach. The impact of farmers’ managerial behavior was assessed in a second-stage regression. The results suggest that bounded rationality in farmers’ production planning decisions causes inefficiency

Published in

Managerial and Decision Economics
2011, Volume: 32, number: 6, pages: 399–412

SLU Authors

• Manevska Tasevska, Gordana

  • Department of Economics, Swedish University of Agricultural Sciences
    

• Hansson, Helena

  • Department of Economics, Swedish University of Agricultural Sciences
    

UKÄ Subject classification

Economics and Business
Social Sciences


Publication identifier

DOI: https://doi.org/10.1002/mde.1544

Permanent link to this page (URI)

https://res.slu.se/id/publ/34971