Using the fact that separate markets exist for used and unused quota, this paper derives a formula to compute the marginal cost of the milk production using a competitive dynamic optimization model. It is showed that, under a perfect competitive quota market, the difference between unused quota...

This paper derives a set of linear and nonlinear restrictions to make a n-goods linear AIDS symmetric when all prices are allowed to vary. When prices are scaled by their means, the conventional restrictions are sufficient to make the linear AIDS symmetric at mean. This indicates an additional...

Generic income stabilization schemes, which resemble an actual NISA policy adopted recently in Canada, encourage farmers to set aside funds in high income year for use in low income years through a formal procedure. Their economic effects are investigated using the prudent farm household model....

The objective of this paper is to describe different types of value chain, to capture value added activities of each chain, to discuss the organizational and institutional link in each value chain and its implications for the role of small farmers. We focus on two counties in Hebei and Zhejiang...

The top down public agricultural extension system in China and its early reforms during the 1990’s has left millions of farmers without access to extension services. An inclusive agricultural extension system was introduced in 2005 to better meet the diverse technology needs of small farmers....

Rural households in developing economies frequently use precautionary saving to cope with income risk. Such prudent behavior can be strengthened in transition economies where more risks are typically faced by households during and after reforms. This paper uses a rich panel of rural households...

In combination with the emergence of genetically modified (GM) food, there has been an urgent call for GM labeling to provide relevant information disclosure. Using data collected in Beijing, China, this study attempts to address the issue of whether different types of information may have...