Random Coefficients Estimation of Average Total Product Costs for Multiproduct Firms
多产品企业产品平均总成本的随机系数估计AI 解读 ↓
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AI 根据所提供的论文材料归类:摘要针对多产品企业的成本关系建立随机系数模型,并估计各产品单位成本,最直接对应企业成本结构的计量分析。
多产品企业产品平均总成本的随机系数估计AI 解读 ↓
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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.
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