Arbeitspapier
Estimating Production Functions of Multiproduct Firms
Despite the fact that multiproduct firms constitute a considerable share of firms and account for an even greater share of production, virtually all production function estimates are based on the assumption that firms are single-product producers. The single-product assumption is made due to lack of data on input allocation across the various product lines multiproduct firms operate. I provide a method to estimate product-level production functions without observable input allocations. The empirical application and Monte Carlo simulations show that the single-product firm assumption leads to biased parameter and productivity estimates and overestimated productivity differences between firms.
- Sprache
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Englisch
- Erschienen in
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Series: ETLA Working Papers ; No. 37
- Klassifikation
-
Wirtschaft
Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
Production, Pricing, and Market Structure; Size Distribution of Firms
Firm Performance: Size, Diversification, and Scope
- Thema
-
Multiproduct firm
production function
productivity
- Ereignis
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Geistige Schöpfung
- (wer)
-
Valmari, Nelli
- Ereignis
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Veröffentlichung
- (wer)
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The Research Institute of the Finnish Economy (ETLA)
- (wo)
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Helsinki
- (wann)
-
2016
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:42 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Valmari, Nelli
- The Research Institute of the Finnish Economy (ETLA)
Entstanden
- 2016