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The issue of inequality received much attention in the economic literature in the last two decades, motivated by the recognition that inequality is not only an outcome of growth but also a determinant of growth. The increased availability of survey data has led to numerous empirical studies of...
Persistent link: https://www.econbiz.de/10011124953
We develop an empirical farmland allocation model based on explicit profit functions that is linked to a market demand model. The model accounts for corner solutions, enabling estimation with disaggregated data, and thereby allows treating prices as exogenous. The integrated model enables...
Persistent link: https://www.econbiz.de/10011124958