A Nonparametric Approach to Multi-product and Product-specific Scale Economies, Economies of Scope, and Cost Efficiency for Kansas Farms

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dc.creatorParman, Bryon
dc.creatorFeatherstone, Allen
dc.creatorAmanor-Boadu, Vincent
dc.date2017-04-01T15:20:23Z
dc.date.accessioned2026-07-09T07:37:56Z
dc.descriptionUse of nonparametric frontier estimation has been shown to accurately estimate cost frontiers, cost efficiency, and economies of scope in industries. This research uses the nonparametric approach to estimate scope and efficiency as well as multi-product and product-specific economies of scale for Kansas Farms. We find that small farms have a large cost savings advantage through exploiting economies of scale up to $500k in gross revenues. Large farms however have the best opportunity for cost savings through improving efficiency. We also find that the nonparametric approach can estimate an accurate cost frontier from a single year’s data while the parametric approach may require up to 20 years of price variability to generate a reliable frontier.
dc.identifierdoi:10.22004/ag.econ.161626
dc.identifierhttps://ageconsearch.umn.edu/record/161626/files/Paper%203.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/161626
dc.identifier.urihttp://hdl.handle.net/123456789/590478
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/161626
dc.titleA Nonparametric Approach to Multi-product and Product-specific Scale Economies, Economies of Scope, and Cost Efficiency for Kansas Farms
dc.typeText

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