Household Inventories and Marketed Surplus in Semisubsistence Agriculture
构建了一个考虑家庭主食库存的半自给农业模型，通过比较静态分析揭示价格变动引起的财富效应，并利用印度村庄数据证实忽略库存会高估消费需求和市场剩余的反应程度。
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.