Farms, Families, and Markets: New Evidence on the Completeness of Markets in Agricultural Settings

Daniel LaFave and Duncan Thomas ()

Working Papers from eSocialSciences

Abstract: The farm household model has played a central role in improving the understanding of small-scale agricultural households and non-farm enterprises. Under the assumptions that all current and future markets exist and that farmers treat all prices as given, the model simplifies households’ simultaneous production and consumption decisions into a recursive form in which production can be treated as independent of preferences of household members.

Keywords: Central Java; Indonesia; farms; families; markets; farmers; production; consumption; household members; nutrition; farm productivity; markets; economic decision-makers (search for similar items in EconPapers)
Date: 2016-06
Note: Institutional Papers
References: View complete reference list from CitEc
Citations: View citations in EconPapers (54)

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Related works:
Journal Article: Farms, Families, and Markets: New Evidence on Completeness of Markets in Agricultural Settings (2016)
Working Paper: Farms, Families, and Markets: New Evidence on Completeness of Markets in Agricultural Settings (2014)
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