Dynamic Measures of Scope and Scale Economies: An Application to German Agriculture

J. Fernandez-Cornejo, C. M. Gempesaw, J. G. Elterich and Spiro Stefanou

American Journal of Agricultural Economics, 1992, vol. 74, issue 2, 329-342

Abstract: Static concepts of multiproduct economies of scale and scope are extended into a dynamic setting within the cost of adjustment framework. Important properties of the dynamic measures are developed and the foundations of a dynamic theory of the firm generalizing static neoclassical theory are presented. Dynamic measures of scope and scale as well as shadow costs are estimated empirically for multiple-output, multiple-input German dairy farms operating under a production quota. Causes of scope economies are explored and a conceptual model to predict the evolution of the production structure of German farms is formulated.

Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:74:y:1992:i:2:p:329-342.

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