Choice of the Empirical Definition of Zero in the Translog Multiproduct Cost Functional Form Report as inadecuate




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This study examines the impacts of empirical definition of zero output values on price elasticities, economy of scope, and scale using the Translog cost function. A system of cost and factor share equations with regularity conditions imposed is estimated. Results show that the choice of default values affects policy recommendations.

Subject(s): Research Methods/ Statistical Methods

Issue Date: 2005

Publication Type: Conference Paper/ Presentation

PURL Identifier: http://purl.umn.edu/35369

Total Pages: 20

Series Statement: Selected Paper

Record appears in: Southern Agricultural Economics Association (SAEA) > 2006 Annual Meeting, February 5-8, 2006, Orlando, Florida





Author: N-Guessan, Yapo G. ; Featherstone, Allen M. ; Cader, Hanas A.

Source: http://ageconsearch.umn.edu/record/35369?ln=en



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