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This comment discusses several aspects of the recent paper by Blanc et al. (2008), focussing on the link between the theoretical and empirical models. It argues that there is an inconsistency between the two models in the way households are segmented into different labour regimes. The...
Persistent link: https://www.econbiz.de/10008469342
This paper offers an economic analysis of the intra-family insurance aspect of farm transfer. Sharing of farm income by retired parents with their succeeding children may act like a pension fund. A theoretical model is adopted and a bargaining game suggested to formulate this inter-generational...
Persistent link: https://www.econbiz.de/10005743696
We analyse the simultaneous determination and evolution over time of work choices and the level of farm activity, using a panel of Israeli farm households. We estimate jointly a multinomial choice model of work activity and an endogenous switching regression of farm size, accounting for...
Persistent link: https://www.econbiz.de/10005559880
This paper proposes an integrated model that incorporates, as special cases, the double-hurdle and the purchase-infrequency models, both previously used to account for zero observations in commodity demand analyses. Monte-Carlo simulations show that the integrated model is more robust to...
Persistent link: https://www.econbiz.de/10005563956
We model jointly several types of discrete-choice labour decisions of farm couples: farm work, off-farm work and hired farm labour. Rather than estimating a set of reduced-form participation equations that is subject to an internal inconsistency problem, we estimate a 16-choice multinomial...
Persistent link: https://www.econbiz.de/10005569696