Thesis
A Fourier analysis of the U.S. dairy industry
Washington State University
Master of Arts (MA), Washington State University
2009
Handle:
https://hdl.handle.net/2376/102726
Abstract
The measurement of economies of scale and scope are extremely valuable for predicting growth and/or product diversification. However, the measurement of these estimates is only useful to the extent the model of the production technology is unbiased and accurate to an appropriate degree. Due to the changing dynamics in the U.S. dairy industry, several economic studies have been conducted to measure economies of scale and scope with the hope of understanding the rapid change in this near perfectlycompetitive industry. This study measures both economies of scale and scope using data from the National ARMS survey and a cost function modeled on the Fourier functional form, which has been shown to provide a global approximation of the unknown function. We find evidence of economies of scale and scope in the dairy industry. We compare our estimates to estimates using other functional forms, including the translog.
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Details
- Title
- A Fourier analysis of the U.S. dairy industry
- Creators
- Tristan Del Skolrud
- Contributors
- C. Richard Shumway (Degree Supervisor)
- Awarding Institution
- Washington State University
- Academic Unit
- Economic Sciences, School of
- Theses and Dissertations
- Master of Arts (MA), Washington State University
- Publisher
- Washington State University; Pullman, Wash. :
- Identifiers
- 99900524874901842
- Language
- English
- Resource Type
- Thesis