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A Family Of Agronomic Production Functions With Economies Of Scope

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  • Lloyd, Peter J.

Abstract

This paper derives a family of multiple-output multiple-input production functions from the underlying technologies. These technologies are represented by average yield functions for each of the commodities (crops) produced from a common pool of resources. The production functions are implicitly separable. Examples include the CRETH, translog, generalised power and generalised McFadden functions. Moreover, given a function which is a member of this family, the individual commodity yield and production functions can be recovered. Such implicitly separable multiple-output production functions may exhibit economies or diseconomies of scope which reflect the interactions between outputs sharing a common pool of resources.

Suggested Citation

  • Lloyd, Peter J., 1989. "A Family Of Agronomic Production Functions With Economies Of Scope," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 33(2), pages 1-15, August.
    • Handle: RePEc:ags:ajaeau:22584
    DOI: 10.22004/ag.econ.22584
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    References listed on IDEAS

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