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Modeling Farm Households' Price Responses in the Presence of Transaction Costs and Heterogeneity in Labor Markets

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  • Christian H.C.A. Henning
  • Arne Henningsen

Abstract

We develop a farm household model to analyze price responses of farm households. This model incorporates various types of transaction costs as well as labor heterogeneity. Nonproportional variable transaction costs or labor heterogeneity imply that production and consumption decisions become nonseparable, even when the household buys or sells labor. An empirical model is estimated using data from Midwest Poland. The results show that nonproportional variable transaction costs and labor heterogeneity significantly influence household behavior. Not all price elasticities, however, change significantly if these are neglected. Copyright 2007, Oxford University Press.

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File URL: http://hdl.handle.net/10.1111/j.1467-8276.2007.00980.x
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Bibliographic Info

Article provided by Agricultural and Applied Economics Association in its journal American Journal of Agricultural Economics.

Volume (Year): 89 (2007)
Issue (Month): 3 ()
Pages: 665-681

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Handle: RePEc:oup:ajagec:v:89:y:2007:i:3:p:665-681

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Cited by:
  1. Muriithi, Beatrice & Matz, Julia, 2014. "Smallholder Participation in the Commercialisation of Vegetables: Evidence from Kenyan Panel Data," Discussion Papers 164665, University of Bonn, Center for Development Research (ZEF).
  2. Luca Tiberti & Marco Tiberti, 2012. "Rural Policies and Poverty in Tanzania: an Agricultural Household Model-Based Assessment," Cahiers de recherche 1229, CIRPEE.
  3. Henningsen, Arne & Kumbhakar, Subal C. & Lien, Gudbrand D., 2009. "Econometric Analysis of the Effects of Subsidies on Farm Production in Case of Endogenous Input Quantities," 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin 49728, Agricultural and Applied Economics Association.
  4. Takeshima, Hiroyuki, 2008. "Behavior of subsistence producers in response to technological change- The elasticity of cassava production and home consumption in Benin," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida 6108, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  5. Louhichi, Kamel & Gomez y Paloma, Sergio, 2014. "A farm household model for agri-food policy analysis in developing countries: Application to smallholder farmers in Sierra Leone," Food Policy, Elsevier, vol. 45(C), pages 1-13.
  6. Md. Shafiul Azam & Katsushi S. Imai & Raghav Gaiha, 2012. "Agricultural Supply Response and Smallholders Market Participation – the Case of Cambodia," Discussion Paper Series DP2012-09, Research Institute for Economics & Business Administration, Kobe University.
  7. Eleonora Matteazzi & Martina Menon & Federico Perali, 2013. "An Equilibrium Analysis of a Collective Farm-Household Model: Policy and Welfare Simulations," Working Papers 20/2013, University of Verona, Department of Economics.
  8. Takeshima, Hiroyuki & Winter-Nelson, Alex, 2010. "Sales location and supply response among semisubsistence farmers in Benin," IFPRI discussion papers 999, International Food Policy Research Institute (IFPRI).

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