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A Fourth Desideratum: The CES Cost Function and the Sustainable Configuration of Multiproduct Firms


  • Geraint Johnes


For many parameter vectors, the sustainable configuration of an industry where multiproduct firms have CES cost functions fails to imply the existence of a multiplicity of multiproduct firms. Copyright Blackwell Publishers Ltd and the Board of Trustees of the Bulletin of Economic Research, 2004.

Suggested Citation

  • Geraint Johnes, 2004. "A Fourth Desideratum: The CES Cost Function and the Sustainable Configuration of Multiproduct Firms," Bulletin of Economic Research, Wiley Blackwell, vol. 56(4), pages 329-332, October.
  • Handle: RePEc:bla:buecrs:v:56:y:2004:i:4:p:329-332

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    References listed on IDEAS

    1. Dalia Marin & Monika Schnitzer, 2002. "The Economic Institution Of International Barter," Economic Journal, Royal Economic Society, vol. 112(479), pages 293-316, April.
    2. Laffont, Jean-Jacques, 1995. "Regulation, moral hazard and insurance of environmental risks," Journal of Public Economics, Elsevier, vol. 58(3), pages 319-336, November.
    3. Dewit, Gerda, 2001. "Intervention in risky export markets: insurance, strategic action or aid?," European Journal of Political Economy, Elsevier, vol. 17(3), pages 575-592, September.
    4. Gary S. Becker, 1982. "Competition Among Pressure Groups for Political Influence," University of Chicago - George G. Stigler Center for Study of Economy and State 23, Chicago - Center for Study of Economy and State.
    5. Dalia Marin & Monika Schnitzer, 1998. "Economic incentives and international trade," European Economic Review, Elsevier, vol. 42(3-5), pages 705-716, May.
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    Cited by:

    1. repec:lan:wpaper:1043 is not listed on IDEAS
    2. repec:lan:wpaper:1120 is not listed on IDEAS
    3. Agasisti, Tommaso & Barra, Cristian & Zotti, Roberto, 2016. "Evaluating the efficiency of Italian public universities (2008–2011) in presence of (unobserved) heterogeneity," Socio-Economic Planning Sciences, Elsevier, vol. 55(C), pages 47-58.
    4. E Thanassoulis & G Johnes & J Johnes, 2005. "An analysis of costs in institutions of higher education in England," Working Papers 566942, Lancaster University Management School, Economics Department.
    5. repec:lan:wpaper:4792 is not listed on IDEAS
    6. repec:lan:wpaper:1121 is not listed on IDEAS
    7. T Agasisti & G Johnes, 2009. "Cost Structure, Efficiency and Heterogeneity in US Higher Education: An Empirical Analysis," Working Papers 599308, Lancaster University Management School, Economics Department.
    8. Johnes, Geraint & Johnes, Jill, 2009. "Higher education institutions' costs and efficiency: Taking the decomposition a further step," Economics of Education Review, Elsevier, vol. 28(1), pages 107-113, February.
    9. repec:lan:wpaper:4487 is not listed on IDEAS
    10. repec:lan:wpaper:1057 is not listed on IDEAS
    11. repec:lan:wpaper:1058 is not listed on IDEAS
    12. repec:lan:wpaper:1044 is not listed on IDEAS
    13. Gralka, Sabine, 2016. "Persistent inefficiency in the higher education sector: Evidence from Germany," CEPIE Working Papers 06/16, Technische Universität Dresden, Center of Public and International Economics (CEPIE).
    14. repec:lan:wpaper:4358 is not listed on IDEAS

    More about this item

    JEL classification:

    • D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General
    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure


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