View
Publication Type
Journal Article
UWI Author(s)
Author, Analytic
Abdulkadri, Abdullahi O.; Langemeier, Michael R.; Featherstone, Allen M.
Author Affiliation, Ana.
n/a
Article Title
Estimating economies of scope and scale under price risk and risk aversion
Medium Designator
n/a
Connective Phrase
n/a
Journal Title
Applied Economics
Translated Title
n/a
Reprint Status
Refereed
Date of Publication
2006
Volume ID
38
Issue ID
2
Page(s)
191-201
Language
n/a
Connective Phrase
n/a
Location/URL
n/a
ISSN
n/a
Notes
n/a
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.....
read more