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

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.

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Year of publication:	2005
Authors:	N'Guessan, Yapo G. ; Featherstone, Allen M. ; Cader, Hanas A.
Institutions:	Southern Agricultural Economics Association - SAEA
Subject:	Research Methods/ Statistical Methods

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Extent:	application/pdf
Series:	2006 Annual Meeting, February 5-8, 2006, Orlando, Florida.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2006 Annual Meeting, February 5-8, 2006, Orlando, Florida Number 35369
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005500212