A FAMILY OF AGRONOMIC PRODUCTION FUNCTIONS WITH ECONOMIES OF SCOPE

Peter Lloyd ()

Australian Journal of Agricultural Economics, 1989, vol. 33, issue 2, 15

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.

Keywords: Industrial Organization; Research Methods/Statistical Methods (search for similar items in EconPapers)
Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ajaeau:22584

DOI: 10.22004/ag.econ.22584

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