Estimating economies of scope using the profit function: A dual approach for the normalized quadratic profit function
Abstract
Theoretical relationships between parameters of the normalized quadratic profit and cost functions are derived allowing for economies of scope to be calculated using profit function estimates. An empirical example confirms that the cost function is recovered using the estimated profit function.Download Info
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Bibliographic Info
Article provided by Elsevier in its journal Economics Letters.
Volume (Year): 100 (2008)
Issue (Month): 3 (September)
Pages: 418-421
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Web page: http://www.elsevier.com/locate/ecolet
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References listed on IDEASPlease report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Songqing Jin & Scott Rozelle & Julian Alston & Jikun Huang, 2005.
"Economies Of Scale And Scope And The Economic Efficiency Of China'S Agricultural Research System,"
International Economic Review,
Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 46(3), pages 1033-1057, 08.
- Jin, Songqing & Alston, Julian M. & Rozelle, Scott & Huang, Jikun, 2003. "Economies Of Scale And Scope, And The Economic Efficiency Of China'S Agricultural Research System," 2003 Annual meeting, July 27-30, Montreal, Canada 22088, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Lusk, Jayson L. & Featherstone, Allen M. & Marsh, Thomas L. & Abdulkadri, Abdullahi O., 2002. "Empirical properties of duality theory," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 46(1), March.
- Berger, Allen N. & Hunter, William C. & Timme, Stephen G., 1993. "The efficiency of financial institutions: A review and preview of research past, present and future," Journal of Banking & Finance, Elsevier, vol. 17(2-3), pages 221-249, April.
- Lau, Lawrence J., 1976. "A characterization of the normalized restricted profit function," Journal of Economic Theory, Elsevier, vol. 12(1), pages 131-163, February.
- Mas-Colell, Andreu & Whinston, Michael D. & Green, Jerry R., 1995. "Microeconomic Theory," OUP Catalogue, Oxford University Press, number 9780195102680, September.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Dupraz, Pierre & Temesgen, Chalachew, 2012. "Farmland Rental Rate and Marginal Return to Land: A French FADN Perspective," 86th Annual Conference, April 16-18, 2012, Warwick University, Coventry, UK 134954, Agricultural Economics Society.
- Featherstone, Allen M. & Burbidge, Linda D., 2010. "A Comparison of Methods for Imposing Curvature on the Normalized Quadratic Indirect Profit Function," 2010 Annual Meeting, July 25-27, 2010, Denver, Colorado 61661, Agricultural and Applied Economics Association.
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