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The Effect of Information and Market Access on Adopters' Income Level

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  • Nwankwo, Uche M.
  • Wolfgang, Bokelmann

Abstract

This paper is aimed at relating income fluctuation with adoptable innovations, adopter category and their access to some variables than those explained in the neoclassical economics principle of labor market demand and supply equilibrium. Using a quantitative and qualitative case study of some farmers in two States, we considered whether respondents are earning enough income and what constraints they face. The von Hipple’s lead user concept and decision model of risk aversion under uncertainty were used to explain causes of variability. Notably, farmers with enough steady income have access to market, various information and are less risk averse.

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Bibliographic Info

Paper provided by European Association of Agricultural Economists in its series 108th Seminar, February 8-9, 2008, Warsaw, Poland with number 48101.

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Date of creation: 2008
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Handle: RePEc:ags:eaa108:48101

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Keywords: Variability; Information; Income; Adoption; Market;

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  1. Sunding, David & Zilberman, David, 2001. "The agricultural innovation process: Research and technology adoption in a changing agricultural sector," Handbook of Agricultural Economics, in: B. L. Gardner & G. C. Rausser (ed.), Handbook of Agricultural Economics, edition 1, volume 1, chapter 4, pages 207-261 Elsevier.
  2. Guillermo Cruces, 2005. "Income Fluctuation, Poverty and Well-Being Over Time: Theory and Application to Argentina," STICERD - Distributional Analysis Research Programme Papers 76, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
  3. Gerald Carlino & Keith Sill, 2000. "Regional income fluctuations: common trends and common cycles," Working Papers 00-8, Federal Reserve Bank of Philadelphia.
  4. Atkinson, Anthony B., 1970. "On the measurement of inequality," Journal of Economic Theory, Elsevier, vol. 2(3), pages 244-263, September.
  5. Adams, Richard H. Jr. & He, Jane J., 1995. "Sources of income inequality and poverty in rural Pakistan:," Research reports 102, International Food Policy Research Institute (IFPRI).
  6. Diagne, Aliou & Zeller, Manfred, 2001. "Access to credit and its impact on welfare in Malawi:," Research reports 116, International Food Policy Research Institute (IFPRI).
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