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Estimates Of Cobb-Douglas And Translog Production Functions For Milk

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  • Bravo-Ureta, Boris E.

Abstract

The results of this paper suggest that a modified translog function (MTL) is a suitable functional form to model milk production. Marginal products estimated from the MTL. model are, in general, quite similar to their Cobb- Douglas (C-D) counterparts. However, the substitution elasticity parameters obtained from the two models are markedly different. Returns to size measures derived from the MTL and C-D models are almost identical and reveal slightly increasing returns to scale.

Suggested Citation

  • Bravo-Ureta, Boris E., 1985. "Estimates Of Cobb-Douglas And Translog Production Functions For Milk," 1985 Annual Meeting, August 4-7, Ames, Iowa 278514, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea85:278514
    DOI: 10.22004/ag.econ.278514
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