IDENTIFICATION OF ECONOMIES OF SCOPE IN A STOCHASTIC PRODUCTION ENVIRONMENT

This paper extends the definition of economies of scope to multioutput firms that face an uncertain production environment. Identification of economies of scope in this environment, however, requires separability assumptions on the technology. These identification restrictions are demonstrated in the paper, and for each identification restriction the definition of economies of scope is generalized to the case of uncertain production and risk aversion.

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Year of publication:	2001
Authors:	Curtis, Rita E. ; Sarmiento, Camilo
Institutions:	Department of Agribusiness and Applied Economics, North Dakota State University
Subject:	Production Risk \| Multioutput \| Production \| Identification \| Risk and Uncertainty

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Extent:	application/pdf
Series:	Statistical Series Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Department of Agribusiness and Applied Economics>Staff Papers Number 23676
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005798523