 Fundamental comparative statics of the canonical agricultural household modelEconomics Bulletin, 2023, vol. 43, issue 4, 1787 - 1796 Abstract: Despite the genesis of the agricultural household model being more than four decades ago, a complete characterization of its fundamental comparative statics has eluded researchers. By employing a differential approach based on generalized compensated derivatives, this gap is closed for a generic form of the agricultural household model. Extensions of the model and the concomitant results are contemplated too. Because the fundamental comparative statics are heretofore unknown as well as observable, they yield a host of new empirically testable implications of the model, and as such permit a complete empirical scrutiny of it for the first time. characterization of its fundamental comparative statics has eluded researchers. By employing a differential approach based on generalized compensated derivatives, this gap is closed for a generic form of the agricultural household model. Extensions of the model and the concomitant results are contemplated too. Because the fundamental comparative statics are heretofore unknown as well as observable, they yield a host of new empirically testable implications of the model, and as such permit a complete empirical scrutiny of it for the first time. Keywords: agricultural household model; comparative statics; generalized compensated derivatives; testable implications (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-23-00189 Access Statistics for this article More articles in Economics Bulletin from AccessEcon |
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