Household Inventories and Marketed Surplus in Semisubsistence Agriculture

Mitch Renkow

American Journal of Agricultural Economics, 1990, vol. 72, issue 3, 664-675

Abstract: A model of semisubsistence agriculture explicitly accounting for the ability of farm households to hold inventories of staple foods is developed. Comparative statics analysis highlights the potential importance of wealth effects attributable to price-induced changes in the value of household inventories. Empirical results for three groups of households in an Indian village confirm that failure to account for household inventories leads to an overstatement of the responsiveness of both consumption demand and marketed surplus.

Date: 1990
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Working Paper: HOUSEHOLD INVENTORIES AND MARKETED SURPLUS IN SEMI-SUBSISTENCE AGRICULTURE (1988)
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:72:y:1990:i:3:p:664-675.

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