Normal Inputs and Joint Production with Allocatable Fixed Factors

GianCarlo Moschini

Staff General Research Papers Archive from Iowa State University, Department of Economics

Abstract: When jointness is caused by allocatable fixed factors, in the normal case the marginal cost of any output increases as any other output increases, the supply of any output decreases as any other output price increases, and an input price increase may cause the supply of some outputs to increase.

Date: 1989-11-01
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Published in American Journal of Agricultural Economics, November 1989, vol. 71 no. 4, pp. 1021-1024

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