FINITE MIXTURE ESTIMATION OF SIZE ECONOMIES AND COST FRONTIERS IN THE FACE OF MULTIPLE PRODUCTION TECHNOLOGIES

H. Arlen Smith and C. Robert Taylor

Journal of Agricultural and Applied Economics, 1998, vol. 30, issue 2, 10

Abstract: Finite mixture estimation (FME) is compared to estimated generalized least squares (EGLS) in the estimation of economies of size and production cost frontiers for Alabama dairy farms. FME provides several unique insights into the economic forces behind recent changes in Alabama's dairy industry. FME provides estimation of a stochastic average cost frontier with known statistical properties, which it was not otherwise possible to obtain using available stochastic frontier estimation packages.

Keywords: Livestock; Production/Industries (search for similar items in EconPapers)
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:ags:joaaec:15556

DOI: 10.22004/ag.econ.15556

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