Showing 1 - 10 of 11
Diversified agricultural households often use byproducts of one activity as inputs for another. For crop-livestock farmers, cereal production provides grain and crop residue, where the latter can be used as livestock feed. To properly assess the cost of introducing new technologies into such...
Persistent link: https://www.econbiz.de/10010970200
Microeconomic models posit that transaction costs isolate subsistence producers from output market shocks. We integrate microeconomic models of many heterogeneous households into a general equilibrium model and show that supply on subsistence farms may respond, in apparently perverse ways, to...
Persistent link: https://www.econbiz.de/10005291012
Controlling for the endogeneity of activity choice and considering both household-head and family schooling, we findevid ence of high returns from schooling in both crop andnoncrop activities. As schooling levels increase, the returns from schooling shift away from crop production. Failure to...
Persistent link: https://www.econbiz.de/10009392388
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Microeconomic models posit that transaction costs isolate subsistence producers from output market shocks. We integrate microeconomic models of many heterogeneous households into a general equilibrium model and show that supply on subsistence farms may respond, in apparently perverse ways, to...
Persistent link: https://www.econbiz.de/10009392707
Shadow prices guide farmers’ resource allocations, but for subsistence farmers who grow traditional crops they may bear little relationship with market prices. We theoretically derive shadow prices for a subsistence crop with nonmarket value, then estimate shadow prices of maize using data...
Persistent link: https://www.econbiz.de/10009394121
Persistent link: https://www.econbiz.de/10009397912
Persistent link: https://www.econbiz.de/10009398239
Persistent link: https://www.econbiz.de/10010721796
Shadow prices guide farmers' resource allocations, but for subsistence farmers who grow traditional crops they may bear little relationship with market prices. We theoretically derive shadow prices for a subsistence crop with nonmarket value, then estimate shadow prices of maize using data from...
Persistent link: https://www.econbiz.de/10008537143