To trade or not to trade: non-separable farm household models in partial and general equilibrium.
Empirical evidence and microeconomic theory suggest that, in many settings, farm household production and consumption decisions are non-separable. Non-separability may have important policy implications, including lack of response or threshold effects when incentives change. This paper extends the l...
| Main Authors: | , |
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| Format: | Artículo preliminar |
| Language: | Inglés |
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International Food Policy Research Institute
1999
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10568/161359 |
| _version_ | 1855536579522592768 |
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| author | Lofgren, Hans Robinson, Sherman |
| author_browse | Lofgren, Hans Robinson, Sherman |
| author_facet | Lofgren, Hans Robinson, Sherman |
| author_sort | Lofgren, Hans |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | Empirical evidence and microeconomic theory suggest that, in many settings, farm household production and consumption decisions are non-separable. Non-separability may have important policy implications, including lack of response or threshold effects when incentives change. This paper extends the literature in two ways. First, we develop a non-separable farm household model with transaction costs and endogenous choice of market "regime" (surplus, self-sufficiency, or deficit) for production-consumption items (commodities and factors that are both demanded and supplied by the household). Second, we embed this household model in an economywidecomputable general equilibrium model which is formulated as a mixed-complementarity problem. Simulations with a model based on data for a stylized, low-income, Sub-Saharan African country show that the proposed formulation enhances our ability to analyze the impact of exogenous changes on African farmers." |
| format | Artículo preliminar |
| id | CGSpace161359 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 1999 |
| publishDateRange | 1999 |
| publishDateSort | 1999 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1613592025-11-06T07:18:39Z To trade or not to trade: non-separable farm household models in partial and general equilibrium. Lofgren, Hans Robinson, Sherman economic policies microeconomics households equilibrium theory models decision making Empirical evidence and microeconomic theory suggest that, in many settings, farm household production and consumption decisions are non-separable. Non-separability may have important policy implications, including lack of response or threshold effects when incentives change. This paper extends the literature in two ways. First, we develop a non-separable farm household model with transaction costs and endogenous choice of market "regime" (surplus, self-sufficiency, or deficit) for production-consumption items (commodities and factors that are both demanded and supplied by the household). Second, we embed this household model in an economywidecomputable general equilibrium model which is formulated as a mixed-complementarity problem. Simulations with a model based on data for a stylized, low-income, Sub-Saharan African country show that the proposed formulation enhances our ability to analyze the impact of exogenous changes on African farmers." 1999 2024-11-21T09:55:09Z 2024-11-21T09:55:09Z Working Paper https://hdl.handle.net/10568/161359 en Open Access application/pdf International Food Policy Research Institute Lofgren, Hans; Robinson, Sherman. 1999. To trade or not to trade;non-separable farm household models in partial and general equilibrium. TMD Discussion Paper 37. https://hdl.handle.net/10568/161359 |
| spellingShingle | economic policies microeconomics households equilibrium theory models decision making Lofgren, Hans Robinson, Sherman To trade or not to trade: non-separable farm household models in partial and general equilibrium. |
| title | To trade or not to trade: non-separable farm household models in partial and general equilibrium. |
| title_full | To trade or not to trade: non-separable farm household models in partial and general equilibrium. |
| title_fullStr | To trade or not to trade: non-separable farm household models in partial and general equilibrium. |
| title_full_unstemmed | To trade or not to trade: non-separable farm household models in partial and general equilibrium. |
| title_short | To trade or not to trade: non-separable farm household models in partial and general equilibrium. |
| title_sort | to trade or not to trade non separable farm household models in partial and general equilibrium |
| topic | economic policies microeconomics households equilibrium theory models decision making |
| url | https://hdl.handle.net/10568/161359 |
| work_keys_str_mv | AT lofgrenhans totradeornottotradenonseparablefarmhouseholdmodelsinpartialandgeneralequilibrium AT robinsonsherman totradeornottotradenonseparablefarmhouseholdmodelsinpartialandgeneralequilibrium |