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Failure of integrability is shown to cause path-dependence of willingness-to-pay measures of welfare change. Using the linear expenditure system, effects of failure of integrability are negligible (substantial) for estimating income (price) elasticities. For single price changes, Hausman's...
Persistent link: https://www.econbiz.de/10005501158
The farm size-productivity relationship is tested using nonparametric efficiency measures based on distance functions. This approach to efficiency measurement is less restrictive and more informative than alternative methods. For a group of Honduran farms, diminishing returns to scale render...
Persistent link: https://www.econbiz.de/10005338808