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- W2060489656 abstract "The problem of estimating the mean average total cost of each output for multiproduct firms in an industry is addressed. The identity that defines total cost for each firm as the product of output levels multiplied by their respective average total costs is viewed as a random-coefficients model. A random coefficients regression estimator is used to estimate mean average total output costs. Solutions to problems arising with this method in empirical studies are discussed. An application of the approach to data from cash grain farms in Illinois shows that the method gives reliable estimates for per-unit output production costs with considerably fewer data requirements than current methods of cost estimation." @default.
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- W2060489656 date "1984-10-01" @default.
- W2060489656 modified "2023-09-25" @default.
- W2060489656 title "Random Coefficients Estimation of Average Total Product Costs for Multiproduct Firms" @default.
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- W2060489656 doi "https://doi.org/10.1080/07350015.1984.10509409" @default.
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