MEASUREMENT AND DECOMPOSITION OF FLEXIBILITY OF MULTI-OUTPUT FIRMS

Swetlana Renner (), Thomas Glauben and Heinrich Hockmann ()

No 124865, 2012 Conference, August 18-24, 2012, Foz do Iguacu, Brazil from International Association of Agricultural Economists

Abstract: Flexibility can be considered as a crucial factor of competitive advantage, especially under conditions of dynamically changing environments. Based on the classical microeconomic definition of flexibility, as introduced by Stigler, and some recent concepts developed in the production economics, this article proposes a primal flexibility measure for multi-product firms. When decomposed, this measure offers useful insights into possible sources of flexibility, especially by investigating the role of both scale and scope economies. This approach provides the theoretical basis to investigate the magnitude and sources of flexibility in the Polish agricultural sector during the transition period.

Keywords: Production Economics; Productivity Analysis (search for similar items in EconPapers)
Pages: 20
Date: 2012
New Economics Papers: this item is included in nep-eff and nep-tra
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Citations: View citations in EconPapers (3)

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Related works:
Journal Article: Measurement and decomposition of flexibility of multi-output firms (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:iaae12:124865

DOI: 10.22004/ag.econ.124865

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