Please use this identifier to cite or link to this item: http://hdl.handle.net/10174/9681

Title: ESTIMATION OF JOINT COSTS ALLOCATION COEFFICIENTS USING THE MAXIMUM ENTROPY: A CASE OF MEDITERRANEAN FARMS
Authors: Fragoso, Rui
Carvalho, Maria Leonor da Silva
Editors: Indian Econometric Society
Keywords: Generalized maximum entropy
allocation costs
joint costs
Alentejo
FADN data base
Issue Date: 2012
Publisher: Indian Econometric Society
Citation: Fragoso, R.M.S., Carvalho, M.L.S. (2012)Estimation of joint costs allocation coefficients using the maximum antropy: A case of Mediterranean Farms.
Abstract: This paper aims to estimate the farm joint costs allocation coefficients from whole farm input costs. An entropy approach was developed under a Tobit formulation and it was applied to a sample of farms from the 2004 Farm Accounting Data Network base for the Alentejo region, Southern Portugal. Five alternative model specifications respecting error bounds, the central value of the uniform prior support and the generalized cross entropy were tested. Model results were assessed in terms of their precision and estimation power and were compared with real data. The entropy estimation showed a high degree of precision and its practical validity was guaranteed to allocate joint costs, even in the specific context of Mediterranean farms.
URI: http://hdl.handle.net/10174/9681
Type: article
Appears in Collections:GES - Publicações - Artigos em Revistas Internacionais Com Arbitragem Científica
ICAAM - Publicações - Artigos em Revistas Internacionais Com Arbitragem Científica
CEFAGE - Publicações - Artigos em Revistas Internacionais Com Arbitragem Científica

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