A Duality Approach to Testing the Economic Behaviour of Dairy-Marketing Co-operatives: The Case of Ireland



Table 2: Coefficient Estimates of Virtual Profit Maximising Behaviour

Variable

Coefficient

Standard
Error

Coefficient

Standard Error

System 15(a)-15(d)

System 15(a)-15(d), 16

Intercept_____________

4.5733

0.6624

6.3249

1.5093

Jh_____________

1.5721

0.2437

1.1230

0.3526

_________________

-0.1541

0.0351

-0.0917

0.0389

_t_______________________

0.1811

0.0530

0.0446

0.1063

m___________

1.3493

0.1376

8.5428

2.2910

к________________

-0.8096

0.6020

-2.6511

0.8896

Pv* Pv_________________

-0.0614

0.1076

-0.0051

0.1170

Wι*wt______________

-0.0905

0.0128

-0.0861

0.0113

t*t______________________

-0.0071

0.0022

-0.0019

0.0040

m*m___________

0.2188

0.1084

7.1624

2.2455

k*k______________

-0.1777

0.3558

-0.6801

0.4810

Pv*wt_______________

0.1773

0.0099

0.1768

0.0086

Pv*t___________________

0.0055

0.0111

0.0240

0.0150

Pv*m______________

-0.3594

0.0661

-0.7384

0.2947

Pv*k________________

0.2913

0.1250

0.2885

0.1318

w1*t________________

0.0013

0.0014

-0.0013

0.0016

wt*m____________

0.1264

0.0144

0.1713

0.0295

w1*k______________

-0.0539

0.0106

-0.0521

0.0114

t*m_______________

-0.0206

0.0059

-0.3016

0.0972

t*k_________________

0.0302

0.0271

0.1223

0.0426

m*k____________

0.0514

0.0660

-0.6090

0.5672

ι_____________________________________

0.5558

0.0942

0.7203

0.0963

2______________________________

0.5002

0.0919

0.5913

0.0932

3______________________________

0.3212

0.0987

0.4283

0.0985

4______________________________

0.6677

0.1273

0.6902

0.1604

Intercept (Eqt. (16))

0.7111

0.2154

Py

-0.2654

0.0697

-0.1392

0.0873

t

0.0039

0.0085

m

0.0249

0.1172

^k

0.0267

0.0642

Log -Likelihood_____

______________279.37______________

_______________286.855_______________

Key: py= price of processed output; wɪ = is the wage rate; t = time trend; m = volume of milk raw material; к =
capital stock; ɪ - 4 are the estimated first-order autocorrelation coefficients for the equations estimated. (Note: the
numeraire in the imposition of zero Iiomgeneity was the price of non-milk materials.)

15



More intriguing information

1. Searching Threshold Inflation for India
2. The Formation of Wenzhou Footwear Clusters: How Were the Entry Barriers Overcome?
3. The name is absent
4. Research Design, as Independent of Methods
5. Tissue Tracking Imaging for Identifying the Origin of Idiopathic Ventricular Arrhythmias: A New Role of Cardiac Ultrasound in Electrophysiology
6. The name is absent
7. The name is absent
8. Connectionism, Analogicity and Mental Content
9. HOW WILL PRODUCTION, MARKETING, AND CONSUMPTION BE COORDINATED? FROM A FARM ORGANIZATION VIEWPOINT
10. The name is absent