Analyzing honey producton in Aguascalientes, Mexico, using the Cobb-Douglas Function

Analyzing honey producton in Aguascalientes, Mexico, using the Cobb-Douglas Function

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In beekeeping, honey yield and profits are affected by multiple variables, the influence of which can vary by region. A Cobb-Douglas function was applied to data from a direct survey of beekeepers in the state of Aguascalientes, Mexico, to estimate and analyze the economic optimum and input elasticity in honey production. The optimal economic combination for production of one kilogram of honey was 1.045 kg supplementary feed and 0.084 days labor, which generate a maximum profit of $45.38 pesos/kg honey. The production function also identified increasing economies of scale, while substitution elasticity between the inputs supplementary feed and labor was elastic. Application of a Cobb-Douglas type function effectively estimated beekeeping profitability and productivity in the study area.

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Main Authors: López Santiago, Marco Andrés, Zavala Beltrán, José Inés, Valdivia Alcalá, Ramón, Montiel Batalla, Blanca Margarita
Format: Digital revista
Language:spa
eng
Published: Instituto Nacional de Investigaciones Forestales, Agrícolas y Pecuarias 2023
Online Access:https://cienciaspecuarias.inifap.gob.mx/index.php/Pecuarias/article/view/6285
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spelling rev-remexcp-article62852023-10-02T17:58:36Z Analyzing honey producton in Aguascalientes, Mexico, using the Cobb-Douglas Function Función Cobb-Douglas de la producción de miel en Aguascalientes, México López Santiago, Marco Andrés Zavala Beltrán, José Inés Valdivia Alcalá, Ramón Montiel Batalla, Blanca Margarita Production function; Beekeeping; Economic optimum Función de producción; Apicultura; Óptimo económico In beekeeping, honey yield and profits are affected by multiple variables, the influence of which can vary by region. A Cobb-Douglas function was applied to data from a direct survey of beekeepers in the state of Aguascalientes, Mexico, to estimate and analyze the economic optimum and input elasticity in honey production. The optimal economic combination for production of one kilogram of honey was 1.045 kg supplementary feed and 0.084 days labor, which generate a maximum profit of $45.38 pesos/kg honey. The production function also identified increasing economies of scale, while substitution elasticity between the inputs supplementary feed and labor was elastic. Application of a Cobb-Douglas type function effectively estimated beekeeping profitability and productivity in the study area. La investigación tuvo como objetivo estimar y analizar tanto el óptimo económico como la elasticidad de los insumos para la producción de miel de abeja, a través de la función tipo Cobb-Douglas. La información se obtuvo por medio de una encuesta directa a productores apícolas del Estado de Aguascalientes. Los resultados muestran que la combinación óptima económica para un kilogramo de miel fue 1.045 kg de alimento y 0.084 jornales, para una ganancia máxima de 45.38 $/kg de miel. Además, la función de producción presentó economías crecientes a escala, mientras la elasticidad de sustitución entre los insumos, alimento y jornales, fue elástica. La función de tipo Cobb-Douglas permite medir la rentabilidad y productividad en la apicultura. Instituto Nacional de Investigaciones Forestales, Agrícolas y Pecuarias 2023-07-10 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf application/pdf text/html https://cienciaspecuarias.inifap.gob.mx/index.php/Pecuarias/article/view/6285 10.22319/rmcp.v14i3.6285 Revista Mexicana de Ciencias Pecuarias; Vol. 14, Núm. 3 (2023): Julio-Septiembre; 735-744 Revista Mexicana de Ciencias Pecuarias; Vol. 14, Núm. 3 (2023): Julio-Septiembre; 735-744 2448-6698 2007-1124 spa eng https://cienciaspecuarias.inifap.gob.mx/index.php/Pecuarias/article/view/6285/5170 https://cienciaspecuarias.inifap.gob.mx/index.php/Pecuarias/article/view/6285/5171 https://cienciaspecuarias.inifap.gob.mx/index.php/Pecuarias/article/view/6285/5205 https://cienciaspecuarias.inifap.gob.mx/index.php/Pecuarias/article/downloadSuppFile/6285/2728 https://cienciaspecuarias.inifap.gob.mx/index.php/Pecuarias/article/downloadSuppFile/6285/2821 https://cienciaspecuarias.inifap.gob.mx/index.php/Pecuarias/article/downloadSuppFile/6285/2855 https://creativecommons.org/licenses/by-nc-sa/4.0
institution INIFAP
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country México
countrycode MX
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libraryname Biblioteca INIFAP
language spa
eng
format Digital
author López Santiago, Marco Andrés
Zavala Beltrán, José Inés
Valdivia Alcalá, Ramón
Montiel Batalla, Blanca Margarita
spellingShingle López Santiago, Marco Andrés
Zavala Beltrán, José Inés
Valdivia Alcalá, Ramón
Montiel Batalla, Blanca Margarita
Analyzing honey producton in Aguascalientes, Mexico, using the Cobb-Douglas Function
author_facet López Santiago, Marco Andrés
Zavala Beltrán, José Inés
Valdivia Alcalá, Ramón
Montiel Batalla, Blanca Margarita
author_sort López Santiago, Marco Andrés
title Analyzing honey producton in Aguascalientes, Mexico, using the Cobb-Douglas Function
title_short Analyzing honey producton in Aguascalientes, Mexico, using the Cobb-Douglas Function
title_full Analyzing honey producton in Aguascalientes, Mexico, using the Cobb-Douglas Function
title_fullStr Analyzing honey producton in Aguascalientes, Mexico, using the Cobb-Douglas Function
title_full_unstemmed Analyzing honey producton in Aguascalientes, Mexico, using the Cobb-Douglas Function
title_sort analyzing honey producton in aguascalientes, mexico, using the cobb-douglas function
description In beekeeping, honey yield and profits are affected by multiple variables, the influence of which can vary by region. A Cobb-Douglas function was applied to data from a direct survey of beekeepers in the state of Aguascalientes, Mexico, to estimate and analyze the economic optimum and input elasticity in honey production. The optimal economic combination for production of one kilogram of honey was 1.045 kg supplementary feed and 0.084 days labor, which generate a maximum profit of $45.38 pesos/kg honey. The production function also identified increasing economies of scale, while substitution elasticity between the inputs supplementary feed and labor was elastic. Application of a Cobb-Douglas type function effectively estimated beekeeping profitability and productivity in the study area.
publisher Instituto Nacional de Investigaciones Forestales, Agrícolas y Pecuarias
publishDate 2023
url https://cienciaspecuarias.inifap.gob.mx/index.php/Pecuarias/article/view/6285
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