A Theory of Petty Trading: The Jamaican Higgler
The theory of home production/time allocation is used to model the behavior of the petty traders who predominate in marketing the surplus foodstuff of peasant farmers in Jamaica and in other less developed countries. Analysis of the behavior of petty traders in terms of rational responses to price and income changes shows that they may not always obey the laws of supply and demand due to the absence of an exogenous wage. The model should prove useful in empirical studies of economic behavior in the informal sector of many economies. Copyright 1996 by Royal Economic Society.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 106 (1996)
Issue (Month): 435 (March)
|Contact details of provider:|| Postal: |
Phone: +44 1334 462479
Web page: http://www.res.org.uk/
More information through EDIRC
|Order Information:||Web: http://www.blackwellpublishers.co.uk/asp/journal.asp?ref=0013-0133|
When requesting a correction, please mention this item's handle: RePEc:ecj:econjl:v:106:y:1996:i:435:p:507-18. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing)or (Christopher F. Baum)
If references are entirely missing, you can add them using this form.