An empirical input allocation model for the cost minimizing multiproduct firm

Manhong Zhu, Gulcan Onel and James Seale ()

Economics Letters, 2015, vol. 132, issue C, 73-76

Abstract: Laitinen and Theil (1978) derive a theoretical input allocation model for a multiproduct firm that first minimizes cost and second maximizes profit. However, its empirical counterpart is not available. We linearize the model and derive a general empirically estimable model.

Keywords: Multiproduct firm; Cost minimization; Input allocation; Joint production; Input–output separability (search for similar items in EconPapers)
JEL-codes: D2 D4 L1 L2 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:132:y:2015:i:c:p:73-76

DOI: 10.1016/j.econlet.2015.04.015

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