Modeling acreage decisions within the multinomial Logit framework

Alain Carpentier and Elodie Letort

No 09-17, Working Papers SMART from INRAE UMR SMART

Abstract: The Multinomial Logit (MNL) framework has been used in the agricultural production economics literature to model acreage share choices, crop decisions or land use decisions. This article extends the pioneering works of Caswell and Zilberman (1985) and of Wu and Segerson (1995) by developing further the theoretical background of the MNL acreage share models. Two approaches are considered: the “cost function approach” and the “discrete choice approach”. It is then shown that MNL acreage share models can be used to define simple multi-crop econometric models with land as an allocatable fixed input. Finally several generalizations of the standard MNL acreage share model are proposed.

Keywords: acreage share; discrete choice; multicrop econometric model; multinomial Logit (search for similar items in EconPapers)
JEL-codes: C51 D21 Q15 (search for similar items in EconPapers)
Date: 2009
New Economics Papers: this item is included in nep-agr and nep-dcm
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Citations: View citations in EconPapers (8)

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Related works:
Working Paper: Modeling acreage decisions within the multinomial Logit framework (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:rae:wpaper:200917

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