| On the basis of a household typology distinguishing between net sellers, net buyers and self sufficient, the Net Benefit Ratio (NBR), defined by Deaton (1989), is used to approximate households' first order welfare variations when price change. In this paper, we discuss both the typology's criteria and the classic formula of NBR, since they are based a) on produced and consumed quantities rather than real marketed volumes and b) on a unique selling and buying price for all surveyed households. We propose another definition of a net seller and a new NBR expression allowing the analyst to take into account market failures (MF) and price seasonality (PS), which are two constancies in developing countries. We use two sets of data (from Mexico and Mali), to... |
