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A Fourth Desideratum: The CES Cost Function and the Sustainable Configuration of Multiproduct Firms

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  • Geraint Johnes

Abstract

For many parameter vectors, the sustainable configuration of an industry where multiproduct firms have CES cost functions fails to imply the existence of a multiplicity of multiproduct firms.

Suggested Citation

  • Geraint Johnes, 2004. "A Fourth Desideratum: The CES Cost Function and the Sustainable Configuration of Multiproduct Firms," Bulletin of Economic Research, Wiley Blackwell, vol. 56(4), pages 329-332, October.
    • Handle: RePEc:bla:buecrs:v:56:y:2004:i:4:p:329-332
    DOI: 10.1111/j.1467-8586.2004.00207.x
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    References listed on IDEAS

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    1. Baumol, William J, 1982. "Contestable Markets: An Uprising in the Theory of Industry Structure," American Economic Review, American Economic Association, vol. 72(1), pages 1-15, March.
    2. Johnes, Geraint, 1997. "Costs and Industrial Structure in Contemporary British Higher Education," Economic Journal, Royal Economic Society, vol. 107(442), pages 727-737, May.
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    Cited by:

    1. Agasisti, Tommaso & Barra, Cristian & Zotti, Roberto, 2016. "Evaluating the efficiency of Italian public universities (2008–2011) in presence of (unobserved) heterogeneity," Socio-Economic Planning Sciences, Elsevier, vol. 55(C), pages 47-58.
    2. T Agasisti & G Johnes, 2009. "Cost Structure, Efficiency and Heterogeneity in US Higher Education: An Empirical Analysis," Working Papers 599308, Lancaster University Management School, Economics Department.
    3. Johnes, Geraint & Johnes, Jill, 2009. "Higher education institutions' costs and efficiency: Taking the decomposition a further step," Economics of Education Review, Elsevier, vol. 28(1), pages 107-113, February.
    4. Sabine Gralka, 2018. "Persistent inefficiency in the higher education sector: evidence from Germany," Education Economics, Taylor & Francis Journals, vol. 26(4), pages 373-392, July.
    5. repec:lan:wpaper:1058 is not listed on IDEAS
    6. repec:lan:wpaper:4358 is not listed on IDEAS
    7. repec:lan:wpaper:1043 is not listed on IDEAS
    8. repec:lan:wpaper:1120 is not listed on IDEAS
    9. Gralka, Sabine, 2018. "Stochastic frontier analysis in higher education: A systematic review," CEPIE Working Papers 05/18, Technische Universität Dresden, Center of Public and International Economics (CEPIE).
    10. E Thanassoulis & G Johnes & J Johnes, 2005. "An analysis of costs in institutions of higher education in England," Working Papers 566942, Lancaster University Management School, Economics Department.
    11. repec:lan:wpaper:4792 is not listed on IDEAS
    12. repec:lan:wpaper:1121 is not listed on IDEAS
    13. repec:lan:wpaper:4487 is not listed on IDEAS
    14. repec:lan:wpaper:1057 is not listed on IDEAS
    15. repec:lan:wpaper:1044 is not listed on IDEAS
    16. Geraint Johnes & Astrid Schwarzenberger, 2011. "Differences in cost structure and the evaluation of efficiency: the case of German universities," Education Economics, Taylor & Francis Journals, vol. 19(5), pages 487-499, January.

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