Parametric or Nonparametric Approaches to the Estimation of Marginal Cost in Dairy Production? A Comparison of Estimation Results

This paper compares various nonparametric models for the estimation of farm specific marginal costs function in the dairy sector. Specifically, locally weighted regression approaches using theory-consistent cost function frameworks as polynomials in the nonparametric approach are applied. A comparison of average marginal cost levels as well as marginal cost distributions across farms illustrates the different approaches.

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Year of publication:	2007
Authors:	Wieck, Christine ; Heckelei, Thomas
Institutions:	Agricultural and Applied Economics Association - AAEA
Subject:	Dairy production \| marginal costs \| nonparametric regression \| Livestock Production/Industries

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Extent:	application/pdf
Series:	2007 Annual Meeting, July 29-August 1, 2007, Portland, Oregon TN.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2007 Annual Meeting, July 29-August 1, 2007, Portland, Oregon Number 9829
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005476734