To trade or not to trade: non-separable farm household models in partial and general equilibrium.
| dc.creator | Lofgren, Hans | |
| dc.creator | Robinson, Sherman | |
| dc.date | 1999 | |
| dc.date | 2024-11-21T09:55:09Z | |
| dc.date | 2024-11-21T09:55:09Z | |
| dc.date.accessioned | 2026-06-27T15:35:26Z | |
| dc.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." | |
| dc.format | application/pdf | |
| dc.identifier | https://hdl.handle.net/10568/161359 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/108751 | |
| dc.language | en | |
| dc.publisher | International Food Policy Research Institute | |
| dc.rights | Open Access | |
| dc.source | 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 | |
| dc.subject | economic policies | |
| dc.subject | microeconomics | |
| dc.subject | households | |
| dc.subject | equilibrium theory | |
| dc.subject | models | |
| dc.subject | decision making | |
| dc.title | To trade or not to trade: non-separable farm household models in partial and general equilibrium. | |
| dc.type | Working Paper |