An empirical input allocation model for the multiproduct firm
James Seale (),
Ekaterina Vorotnikova and
Serhat Asci ()
Economics Letters, 2014, vol. 124, issue 3, 367-369
Laitinen (1980) derives an input allocation model for a multiproduct firm that first maximizes revenue and second maximizes profit. While theoretically elegant, the model has never been formulated empirically because of the complexity of the model’s price-deflated terms. This paper derives the linear parameterization of the input allocation model that can be used for empirical estimation.
Keywords: Multiproduct firm; Input allocation; Differential joint production (search for similar items in EconPapers)
JEL-codes: D2 D4 L1 L2 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:124:y:2014:i:3:p:367-369
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