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Estimating multioutput technologies
This paper solves the problem of determining fixed but allocatable input allocations by dual methods. A flexible, profit function approach for estimating input-nonjoint technologies with allocatable fixed factors is developed. Variable input allocations can be calculated from the estimated technolog...
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Published in: | American journal of agricultural economics 1989-11, Vol.71 (4), p.980-995 |
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Main Authors: | , |
Format: | Article |
Language: | English |
Subjects: | |
Citations: | Items that cite this one |
Online Access: | Get full text |
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Summary: | This paper solves the problem of determining fixed but allocatable input allocations by dual methods. A flexible, profit function approach for estimating input-nonjoint technologies with allocatable fixed factors is developed. Variable input allocations can be calculated from the estimated technology. A correct test for input nonjointness that discriminates between true and apparent jointness is derived in a framework that permits fully linear estimation of a second-order flexible technology. To illustrate, these methods are applied to the Just-Zilberman-Hochman data set. |
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ISSN: | 0002-9092 1467-8276 |
DOI: | 10.2307/1242674 |