IDENTIFICATION OF ECONOMIES OF SCOPE IN A STOCHASTIC PRODUCTION ENVIRONMENT

Rita E. Curtis and Camilo Sarmiento

No 23676, Staff Papers from North Dakota State University, Department of Agribusiness and Applied Economics

Abstract: This paper extends the definition of economies of scope to multioutput firms that face an uncertain production environment. Identification of economies of scope in this environment, however, requires separability assumptions on the technology. These identification restrictions are demonstrated in the paper, and for each identification restriction the definition of economies of scope is generalized to the case of uncertain production and risk aversion.

Keywords: Risk; and; Uncertainty (search for similar items in EconPapers)
Pages: 13
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nddsps:23676

DOI: 10.22004/ag.econ.23676

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