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Nonseparable farm household decisions in a computable general equilibrium model
- Source :
- American Journal of Agricultural Economics. August, 1999, Vol. 81 Issue 3, p663, 8 p.
- Publication Year :
- 1999
-
Abstract
- An optimization and mixed-complementarity versions of a nonseparable micro household model with endogenous shifts between buying, selling and self-sufficiency regimes was developed. The mixed-complementarity model was then embedded in a computational general equilibrium model. Results using the model showed the importance of using a nonseparable household specificiation. In addition, the importance of transaction costs was highlighted.
Details
- ISSN :
- 00029092
- Volume :
- 81
- Issue :
- 3
- Database :
- Gale General OneFile
- Journal :
- American Journal of Agricultural Economics
- Publication Type :
- Academic Journal
- Accession number :
- edsgcl.55683861