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| Content Provider | Springer Nature Link |
|---|---|
| Author | Stewart, Kenneth G. |
| Copyright Year | 2009 |
| Abstract | The multiproduct symmetric generalized McFadden cost function is increasingly prominent in empirical production analysis. Researchers should be aware that the scope for imposing and testing non-jointness in this model is limited. In the general version of the model non-jointness requires the non-testable maintained hypothesis of similar (in a sense we define) single-output production technologies, a maintained hypothesis for which there is not normally any basis. The apparent imposition and testing of non-jointness must be qualified accordingly. The attempt to impose non-jointness and global separability simultaneously necessarily imposes constant returns to scale and the implication that outputs are identical up to a scalar multiple. In this special case the model therefore effectively describes merely the production of a single output, and in this sense is only trivially multiproduct. |
| Starting Page | 161 |
| Ending Page | 171 |
| Page Count | 11 |
| File Format | |
| ISSN | 0895562X |
| Journal | Journal of Productivity Analysis |
| Volume Number | 32 |
| Issue Number | 3 |
| e-ISSN | 15730441 |
| Language | English |
| Publisher | Springer US |
| Publisher Date | 2009-06-10 |
| Publisher Place | Boston |
| Access Restriction | One Nation One Subscription (ONOS) |
| Subject Keyword | Non-jointness Multi-product cost function Multi-output production Accounting/Auditing Operations Research/Decision Theory Econometrics Microeconomics |
| Content Type | Text |
| Resource Type | Article |
| Subject | Business and International Management Social Sciences Economics and Econometrics |
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