Data/hora: 02/06/2024 18:04:08

Provedor de dados: | 31
País: | United States
Título: | An Ordered Tobit Model of Market Participation: Evidence from Kenya and Ethiopia
Autores: | Bellemare,   Marc F.; Barrett,   Christopher B.
Data: | 2005-05-09
Ano: | 2005
Palavras-chave: | Industrial Organization.
Resumo: | Do rural households in developing countries make market participation and volume decisions simultaneously or sequentially? This article develops a two-stage econometric model that allows testing between these two competing hypotheses regarding household-level market behavior. The first stage models the household's choice of whether to be a net buyer, autarkic, or a net seller in the market. The second stage models the quantity bought (sold) for net buyers (sellers) based on observable household characteristics. Using household data from Kenya and Ethiopia on livestock markets, we find evidence in favor of sequential decision-making, the welfare implications of which we discuss.
Tipo: | Working or Discussion Paper
Idioma: | Inglês

Identificador:

16099

http://purl.umn.edu/14748

Editor: | AgEcon Search

Relação:

Cornell University&gt;Department of Applied Economics and Management&gt;Working Papers

Cornell University Department of Applied Economics and Management  Working Paper WP 2005-10

Formato:

41

application/pdf