Farm Profits, Prices and Household Behavior

Published: Jan 1, 2020
Abstract
The farm household model, in which decisions about production and consumption are made simultaneously, lies at the heart of many models of development. Empirically modelling these simultaneous choices is not straightforward. The vast majority of empirical studies assume that farm households behave as if markets are complete in which case decision-making simplifies to a recursive system where consumption choices can be treated as if they are made...
Paper Details
Title
Farm Profits, Prices and Household Behavior
Published Date
Jan 1, 2020
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