Lee, Tenpao; Baumel, C. Phillip

American Journal of Agricultural Economics Vol. 68 no. 2 (May 1986): 353-354.

Comments on a study which used a generalized Leontief cost model to test the asset fixity hypothesis for agriculture in the United States. List of the major assumptions of the Chambers and Vasavada model; Criticism on the definition of fixed assets and fixed input and output ratios; Discussion on asset fixity and putty-clay technology.