Shadow prices guide farmers' resource allocations, but for subsistence farmers growing traditional crops, shadow prices may bear little relationship with market prices. We econometrically estimate shadow prices of maize using data from a nationally representative survey of rural households in...

Economic models of land allocation may lead to expectations for farmer response that surprisingly" do not materialize, if market prices fail to reflect the value of farmers' product. "Shadow prices" rather than market prices explain resource allocation better for farmers who attach significant...

Shadow prices guide farmers' resource allocations, but for subsistence farmers growing traditional crops, shadow prices may bear little relationship with market prices. We econometrically estimate shadow prices of maize using data from a nationally representative survey of rural households in...

Economic models of land allocation may lead to expectations for farmer response that surprisingly do not materialize, if market prices fail to reflect the value of farmers' product. Shadow prices rather than market prices explain resource allocation better for farmers who attach significant...