全球智库信息集成服务系统(G2TT): Farm Profits, Prices and Household Behavior

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w26636
来源ID	Working Paper 26636
	Farm Profits, Prices and Household Behavior
	Daniel R. LaFave; Evan D. Peet; Duncan Thomas
发表日期	2020-01-13
出版年	2020
语种	英语
摘要	The farm household model, in which decisions about production and consumption are made simultaneously, lies at the heart of many models of development. Empirically modelling these simultaneous choices is not straightforward. The vast majority of empirical studies assume that farm households behave as if markets are complete in which case decision-making simplifies to a recursive system where consumption choices can be treated as if they are made after all production decisions. Previous empirical tests of this assumption have relied on restrictions on production decisions. We develop a new approach to testing based on household consumption choices and implement the procedure using data from rural Indonesia. Relative to production-side tests, the consumption-based test is well-suited to identifying those farm households in any setting whose behavior is consistent with complete markets and those for whom the assumption is rejected. We find the recursion assumption is not rejected for larger farmers but is rejected for small farmers. The tests are straightforward to implement and the results of the tests provide new opportunities to identify the behaviors that households adopt in the face of incomplete markets.
主题	Microeconomics ; General Equilibrium ; Development and Growth ; Development ; Environmental and Resource Economics ; Agriculture
URL	https://www.nber.org/papers/w26636
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/584310
推荐引用方式 GB/T 7714	Daniel R. LaFave,Evan D. Peet,Duncan Thomas. Farm Profits, Prices and Household Behavior. 2020.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w26636.pdf（814KB）	智库出版物		限制开放	CC BY-NC-SA	浏览