Estimating Production Functions of Multiproduct Firms

IF 5.9 1区经济学 Q1 ECONOMICS

Review of Economic Studies Pub Date : 2023-01-25 DOI:10.1093/restud/rdad005

Nelli Valmari

引用次数: 1

Abstract

Abstract Multiproduct firms constitute a considerable share of firms and account for an even greater share of production. Nevertheless, the vast majority of production function estimates are based on the assumption that firms are single-product manufacturers. This assumption is due to a lack of data on how firms allocate their inputs across their various product lines. I provide a strategy for estimating product-specific input allocations and production functions of multiproduct firms involved in monopolistic competition. The strategy is based on using firms’ product prices and output demand in solving for product-level input allocations.

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多产品企业的生产函数估计

多产品企业在企业中占有相当大的份额，在生产中所占的份额甚至更大。然而，绝大多数的生产函数估计都是基于企业是单一产品制造商的假设。这种假设是由于缺乏关于企业如何在不同产品线中分配投入的数据。我提供了一个策略来估计产品特定的投入分配和生产函数的多产品企业参与垄断竞争。该策略基于使用企业的产品价格和产出需求来解决产品级投入分配问题。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Review of Economic Studies ECONOMICS-

CiteScore

10.40

自引率

3.40%

发文量

期刊介绍： Founded in 1933 by a group of young British and American economists, The Review of Economic Studies aims to encourage research in theoretical and applied economics, especially by young economists. Today it is widely recognised as one of the core top-five economics journals. The Review is essential reading for economists and has a reputation for publishing path-breaking papers in theoretical and applied economics. The Review is committed to continuing to publish strong papers in all areas of economics. The Editors aim to provide an efficient and high-quality review process to the Review''s authors. Where articles are sent out for full review, authors receive careful reports and feedback. Since 1989 The Review has held annual May Meetings to offer young students in economics and finance the chance to present their research to audiences in Europe.