8 research outputs found
Estimation of stochastic frontier production functions with time‐varying parameters and technical efficiencies using panel data from Indian villages
Allocative efficiency, the aggregation of labour inputs, and the effects of farm size and tenancy status: Tests from rural Bangladesh
Estimating labor supply of farm households under nonseparability: empirical evidence from Nepal
Modeling Farm Households' Price Responses in the Presence of Transaction Costs and Heterogeneity in Labor Markets
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. Copyright 2007, Oxford University Press.