Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5061775 | Economics Letters | 2008 | 4 Pages |
Abstract
Theoretical relationships between parameters of the normalized quadratic profit and cost functions are derived allowing for economies of scope to be calculated using profit function estimates. An empirical example confirms that the cost function is recovered using the estimated profit function.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Zhifeng Gao, Allen M. Featherstone,