PMP and Uniqueness of Calibrating Solution: Output Supply and Input Demand Elasticities Small Farms

Quirino Paris

No 181606, Working Papers from University of California, Davis, Department of Agricultural and Resource Economics

Abstract: The paper demonstrates the existence of a unique solution of the PMP problem when both quantities and prices are taken as calibrating benchmarks. Furthermore, the paper shows how to obtain a distribution of output supply and input demand elasticities that match available information about them in the form of previously estimated parameters for an entire region or sector. The framework is applied to a sample of small farms.

Keywords: Demand and Price Analysis; Institutional and Behavioral Economics; Research Methods/Statistical Methods (search for similar items in EconPapers)
Pages: 30
Date: 2014-04-30
New Economics Papers: this item is included in nep-agr
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ucdavw:181606

DOI: 10.22004/ag.econ.181606

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