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Nonseparable farm household decisions in a computable general equilibrium model

Authors :
Lofgren, Hans
Robinson, Sherman
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