RETURNS TO SCALE AND SIZE IN AGRICULTURAL ECONOMICS

John W. McClelland, Michael E. Wetzstein and Wesley Musser

Western Journal of Agricultural Economics, 1986, vol. 11, issue 2, 5

Abstract: Differences between the concepts of returns to size and returns to scale are systematically reexamined in this paper. Specifically, the relationship between returns to scale and size are examined through the use of the envelope theorem. A major conclusion of the paper is that the level of abstraction in applying a cost function derived from a homothetic technology within a relevant range of the expansion path may not be severe when compared to the theoretical, estimative, and computational advantages of these technologies.

Keywords: Research; Methods/Statistical; Methods (search for similar items in EconPapers)
Date: 1986
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Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:wjagec:32252

DOI: 10.22004/ag.econ.32252

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