FINITE MIXTURE ESTIMATION OF SIZE ECONOMIES AND COST FRONTIERS IN THE FACE OF MULTIPLE PRODUCTION TECHNOLOGIES

Finite mixture estimation (FME) is compared to estimated generalized least squares (EGLS) in the estimation of economies of size and production cost frontiers for Alabama dairy farms. FME provides several unique insights into the economic forces behind recent changes in Alabama's dairy industry. FME provides estimation of a stochastic average cost frontier with known statistical properties, which it was not otherwise possible to obtain using available stochastic frontier estimation packages.


Issue Date:
1998-12
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/15556
Published in:
Journal of Agricultural and Applied Economics, Volume 30, Number 2
Page range:
379-388
Total Pages:
10




 Record created 2017-04-01, last modified 2017-11-19

Fulltext:
Download fulltext
PDF

Rate this document:

Rate this document:
1
2
3
 
(Not yet reviewed)