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- W587749180 abstract "The duality relationships between transformation functions and multiproduct cost functions are straight forward extensions of the single output case. In a formal sense it is also straightforward to generalize functional forms from the single to the multiple output case. However, all of the cost functions that have been proposed contain flaws which limit their attractiveness for empirical work in the multiproduct setting. These flaws include: (1) violation of regularity conditions on the structure of production, (2) an excessive number of parameters to be estimated and (3) an inability to accommodate observations which contain zero levels for the outputs. The purpose of this paper is to review the flaws of existing multiproduct cost functions and to proposed a new multiproduct cost function which exhibits none of these flaws." @default.
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- W587749180 date "2003-01-01" @default.
- W587749180 modified "2023-09-22" @default.
- W587749180 title "FLEXIBLE COST FUNCTION FOR MULTIPRODUCT FIRMS. IN: URBAN TRANSPORT" @default.
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