NIST recommends Krawczyk's HMAC-based key derivation function (HKDF) in SP-800-56C (PDF). HKDF shall e.g. be used to create keys from shared secrets after Diffie Hellman key establishment. NIST ...
I know how to calculate the entropy of a key that relates to its selection process. For example if the key space is $1000$, entropy of a randomly chosen key is $1000$. Suppose now you have two keys ...
Note that this question is somewhat similar to Can I use my random IV (for AES) as a salt for PBKDF2? My current encryption format computes two random PBKDF2 salts (encryption and HMAC, 8 bytes each) ...