OLS and Frontier Function Estimates of Long-Run Average Cost for Tennessee Livestock Auction Markets-Reference-Cited by-同舟云学术

OLS and Frontier Function Estimates of Long-Run Average Cost for Tennessee Livestock Auction Markets

Published:1983-12 Issue:2 Volume:15 Page:79-83
ISSN:1074-0708
Container-title:Journal of Agricultural and Applied Economics
language:en
Short-container-title:J. Agric. Appl. Econ.

Author:

McLemore Dan L.,Whipple Glen,Spielman Kimberly

Abstract

Considerable research has been conducted to explore economies of size in the livestock auction market industry. Since auction market cost functions are expected to conform to microeconomic theory, conclusions regarding industry economies of size are often derived from estimated long-run average total cost (LRATC) functions (French; Stoddard).

Publisher

Cambridge University Press (CUP)

Subject

Economics and Econometrics,Agricultural and Biological Sciences (miscellaneous)

Reference16 articles.

1. Wilson E. M. , and Kuehn J. P. . A Cost Analysis of the Livestock Auction Markets in West Virginia. Agr. Exp. Sta., Bull. 600 T, April 1971.

2. Stoddard E. D. “An Economic Analysis of Cost of Service and Value of Service Tariffs in the Livestock Auction Industry.” Ph.D. dissertation, University of Maryland, Dep. of Agr. and Resource Econ. 1975.

3. The Measurement of Efficiency Relative to a Frontier Production Function

4. Economies of Size and Operating Efficiency of Livestock Markets: A Frontier Function Approach

5. Some Aspects of Estimating Statistical Cost Functions

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