Estimating economies of scope and scale under price risk and risk aversion

$53.29 plus tax (Refund Policy)

Buy Article:

Abstract:

This study uses duality to examine the effects of excluding output price risk and risk aversion on cost structures. Using data for Kansas wheat and beef-cow operations, a dual risk model was used to determine multi-product and product-specific scale economies, and economies of scope. Estimates for these measures were compared with those obtained from a deterministic model. The results show that product-specific scale economies are over-estimated and economies of scope and multi-product scale economies are under-estimated for the deterministic model compared to the risk model.

Document Type: Research Article

DOI: http://dx.doi.org/10.1080/00036840500367716

Affiliations: 1: Department of Economics, The University of the West Indies, Kingston 7, Jamaica 2: Department of Agricultural Economics, Kansas State University, Manhattan, USA

Publication date: February 10, 2006

More about this publication?
Related content

Share Content

Access Key

Free Content
Free content
New Content
New content
Open Access Content
Open access content
Subscribed Content
Subscribed content
Free Trial Content
Free trial content
Cookie Policy
X
Cookie Policy
ingentaconnect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more