Estimation of Multi-Output Production Functions with Incomplete Data: A Generalized Maximum Entropy Approach

@inproceedings{Miller1998EstimationOM,
  title={Estimation of Multi-Output Production Functions with Incomplete Data: A Generalized Maximum Entropy Approach},
  author={Douglas J. Miller and Sergio H. Lence},
  year={1998}
}
One problem commonly encountered when analysing multiproduct-multifactor firms is the lack of activity-specific input data. The present study contributes to the empirical literature on production functions by presenting an information theoretic approach to estimating production functions in the absence of activity-specific input allocations. The procedure relies solely on production data, so that behavioural hypotheses (e.g., profit maximisation) are not required and estimation can proceed in… CONTINUE READING

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