ESTIMATES OF COBB-DOUGLAS AND TRANSLOG PRODUCTION FUNCTIONS FOR MILK

Boris Bravo-Ureta

No 278514, 1985 Annual Meeting, August 4-7, Ames, Iowa from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The results of this paper suggest that a modified translog function (MTL) is a suitable functional form to model milk production. Marginal products estimated from the MTL. model are, in general, quite similar to their Cobb- Douglas (C-D) counterparts. However, the substitution elasticity parameters obtained from the two models are markedly different. Returns to size measures derived from the MTL and C-D models are almost identical and reveal slightly increasing returns to scale.

Keywords: Agribusiness; Agricultural and Food Policy; Livestock Production/Industries (search for similar items in EconPapers)
Pages: 13
Date: 1985-08
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea85:278514

DOI: 10.22004/ag.econ.278514

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