IDEAS home Printed from https://ideas.repec.org/p/phs/dpaper/198406.html
   My bibliography  Save this paper

Block Recursiveness of the Household Production Model Under Risk

Author

Listed:
  • Raul V. Fabella

    (School of Economics, University of the Philippines Diliman)

Abstract

Block-recursiveness of the household production model is a convenient property to have in the analysis of household production relations. We show here that, with perfectly competitive rural markets, block-recursiveness holds when production risk is additive but not when it is multiplicative. Block-recursiveness does not hold under price risk, additive or otherwise. This has some troubling implications for approaches that require homogeneous functions.

Suggested Citation

  • Raul V. Fabella, 1984. "Block Recursiveness of the Household Production Model Under Risk," UP School of Economics Discussion Papers 198406, University of the Philippines School of Economics.
    • Handle: RePEc:phs:dpaper:198406
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:phs:dpaper:198406. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: RT Campos (email available below). General contact details of provider: https://edirc.repec.org/data/seupdph.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.