Short‐ and Long‐Run Credit Constraints in French Agriculture: A Directional Distance Function Framework Using Expenditure‐Constrained Profit Functions

This empirical application investigates the eventual presence of credit constraints using a panel of French farmers. The credit‐constrained profit maximization model proposed by Färe, Grosskopf, and Lee is extended in three ways. First, we rephrase the model in terms of directional distance function... View More