Modeling farm households' price responses in the presence of transaction costs and heterogeneity in labor markets

被引：25

作者：

Henning, Christian H. C. A. ^{[1
]}

Henningsen, Arne ^{[1
]}

机构：

[1] Univ Kiel, Dept Agr Econ, D-24098 Kiel, Germany

来源：

AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS | 2007年 / 89卷 / 03期

关键词：

farm household model; market imperfection; rural labor markets; selectivity; transaction costs;

D O I：

10.1111/j.1467-8276.2007.00980.x

中图分类号：

F3 [农业经济];

学科分类号：

0202 ; 020205 ; 1203 ;

摘要：

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.

引用

页码：665 / 681

页数：17