Modeling Farm Households' Price Responses in the Presence of Transaction Costs and Heterogeneity in Labor Markets
构建了一个包含多种交易成本和劳动力异质性的农户模型，分析价格反应。基于波兰中部的数据估计发现，非比例可变交易成本和劳动力异质性显著影响农户行为，但忽略它们时并非所有价格弹性都显著改变。
We develop a farm household model to analyze price responses of farm households. This model incorporates various types of transaction costs as well as labor heterogeneity. Nonproportional variable transaction costs or labor heterogeneity imply that production and consumption decisions become nonseparable, even when the household buys or sells labor. An empirical model is estimated using data from Midwest Poland. The results show that nonproportional variable transaction costs and labor heterogeneity significantly influence household behavior. Not all price elasticities, however, change significantly if these are neglected.