Using a simple market model and Frisch's duality relation, this report develops propositions about the relationship between advertising and the market demand elasticity that may prove useful in empirical research. In particular, we find that a parallel shift in a linear demand function always...

Using nationally representative data from repeated cross section surveys conducted in 2011/12, 2013/14, and 2016/17, we test for separability in the household model and analyse household factor market participation in Afghanistan. Estimates of a household labour demand model and tests for...

This paper suggests a holistic framework for assessment and improvement of management strategies for conservation of natural resources in agriculture. First, it incorporates an interdisciplinary approach (combining Economics, Organization, Law, Sociology, Ecology, Technology, Behavioral and...

In this paper we estimate the income distributional effects of the common agricultural policy (CAP) for farmers and landowners. First, we theoretically analyse the level of farmers' and landowners' gains from coupled and decoupled payments. Second, using a unique farm level panel data set from...

Data indicate that its domestic price in Indonesia has been increasing regardless of movements in the international price of wheat. A test for asymmetric price transmission from international wheat to domestic wheat flour markets is conducted using an error correction model and find the presence...

In light of the 2007-2008 global food, fuel and financial crises, ”land grabbing” has attracted media spotlight due to concerns over welfare of farmers in these ”renter” countries, and the secrecy around the content of the deals signed. ”Land grabbing” is farmland's acquisition or...

This paper offers a theory of development that links the degree of market incompleteness to capital accumulation and growth. At early stages of development, the presence of indivisible projects limits the degree of risk spreading (diversification) that the economy can achieve. The desire to...