Choice of the Empirical Definition of Zero in the Translog Multiproduct Cost Functional Form

Yapo G. N'Guessan, Allen Featherstone and Hanas A. Cader

No 35369, 2006 Annual Meeting, February 5-8, 2006, Orlando, Florida from Southern Agricultural Economics Association

Abstract: This study examines the impacts of empirical definition of zero output values on price elasticities, economy of scope, and scale using the Translog cost function. A system of cost and factor share equations with regularity conditions imposed is estimated. Results show that the choice of default values affects policy recommendations.

Keywords: Research; Methods/Statistical; Methods (search for similar items in EconPapers)
Pages: 20
Date: 2005
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Citations: View citations in EconPapers (1)

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Journal Article: Choice of the empirical definition of zero in the translog multiproduct cost functional form (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:saeaso:35369

DOI: 10.22004/ag.econ.35369

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