Specifying and estimating multi-product cost functions for a regulated telephone company

Bridger M. Mitchell

Expert InsightsPublished 1978

Discussant's comments on a paper by M. Fuss and L. Waverman presented at the National Bureau of Economic Research Conference on Public Regulation in Arlington, Virginia, December 1977. This paper summarizes the model used by Fuss and Waverman, critically examines their use of time-series data, modeling of regulatory constraints and specification of demand relationships and then proposes an alternative approach to estimating long-run cost and production functions that relies on pseudo-data generated from a process model.

Document Details

  • Copyright: RAND Corporation
  • Availability: Web Only
  • Year: 1978
  • Pages: 9
  • Document Number: P-6078

Citation

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Mitchell, Bridger M., Specifying and estimating multi-product cost functions for a regulated telephone company. Santa Monica, CA: RAND Corporation, 1978. https://www.rand.org/pubs/papers/P6078.html.
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