Data/hora: 26/07/2024 22:10:56

Provedor de dados: 	Research in Agricultural & Applied Economics (AgEcon Searh)	
País: 	United States	
Título: 	BAYES' ESTIMATES OF THE DOUBLE HURDLE MODEL IN THE PRESENCE OF FIXED COSTS	
Autores: 	Holloway,   Garth J.; Barrett,   Christopher B.; Ehui,   Simeon K.	
Data: 	2003-08-04	
Ano: 	2002	
Palavras-chave: 	Market participation; Fixed costs; Double-hurdle model; Censored regression.; Financial Economics; O1; O11; C34; O13; Q16; D1.	
Resumo: 	We present a model of market adoption (participation) where the presence of non-negligible fixed costs leads to non-zero censoring of the traditional double-hurdle regression.  Fixed costs arise due to household resources that must be devoted a priori to the decision to participate in the market.  These costs-usually a cost of time-motivate two-step decision-making and focus attentions on the minimum-efficient scale of operations (the minimum amount of milk sales) at which market entry becomes viable.  This focus, in turn, motivates a non-zero-censored Tobit regression estimated through routine application of Markov chain Monte Carlo Methods.	
Tipo: 	Working or Discussion Paper	
Idioma: 	Inglês	
Identificador: 	11085

http://purl.umn.edu/14741	
Editor: 	AgEcon Search	
Relação: 	Cornell University&gt;Department of Applied Economics and Management&gt;Working Papers

Working Paper 2002-42	
Formato: 	26

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