PMP and Uniqueness of Calibrating Solution: Output Supply and Input Demand Elasticities Small Farms

The paper demonstrates the existence of a unique solution of the PMP problem when both quantities and prices are taken as calibrating benchmarks. Furthermore, the paper shows how to obtain a distribution of output supply and input demand elasticities that match available information about them in the form of previously estimated parameters for an entire region or sector. The framework is applied to a sample of small farms.


Issue Date:
Apr 30 2014
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/181606
Total Pages:
30
JEL Codes:
C6
Note:
REVISED 4/2/2015. SEE WP-15-001 AT http://ageconsearch.umn.edu/handle/200491
Series Statement:
Working Papers
14-005




 Record created 2017-04-01, last modified 2017-05-27


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