The DOI matches its Crossref record.
Transactions Costs and Agricultural Household Supply Response
Abstract
We develop and estimate a model of supply response when transactions costs create a situation where some producers buy, others sell, and others do not participate in markets. We present two rationales for why producing households may have different relationships to the market: proportional and fixed transactions costs. Using data on Mexican corn producers, we estimate an empirical model that allows for separate tests of the significance of both types of transactions costs, revealing that both fixed and proportional transactions costs matter for the estimation. The results provide consistent estimates of supply elasticity and measures of the relative importance of factors determining both proportional and fixed transactions costs.
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Citations
Cited by
Smallholder market participation: Concepts and evidence from eastern and southern Africa
Barrett, C. B. (2008) · Food Policy · doi:10.1016/j.foodpol.2007.10.005 · Cited by 1,246
Linking Smallholders to Markets: Determinants and Impacts of Farmer Collective Action in Kenya
Fischer, E., & Qaim, M. (2012) · World Development · doi:10.1016/j.worlddev.2011.11.018 · Cited by 836
Subsidies and Crowding Out: A Double‐Hurdle Model of Fertilizer Demand in Malawi
Ricker-Gilbert, J., Jayne, T. S., & Chirwa, E. (2011) · American Journal of Agricultural Economics · doi:10.1093/ajae/aaq122 · Cited by 402
Selling at the Farmgate or Traveling to Market
Fafchamps, M., & Hill, R. V. (2005) · American Journal of Agricultural Economics · doi:10.1111/j.1467-8276.2005.00758.x · Cited by 350
Bellon, M. R., Ntandou-Bouzitou, G. D., & Caracciolo, F. (2016) · PLoS ONE · doi:10.1371/journal.pone.0162535 · Cited by 146
“In rural areas of the developing world, markets often function poorly with high transaction costs; this limits market participation and fosters selfconsumption [15, 16, 17, 18, 19].”
Background
Metadata
- Authors
- Key, N., Sadoulet, E., & Janvry, A. D.
- Venue
- American Journal of Agricultural Economics
- Publisher
- Wiley
- Published
- 2000-05
- Volume
- 82
- Issue
- 2
- Pages
- 245-259
- ISSN
- 0002-9092 (ISSN-L)
- 1467-8276
- OpenAlex
- W2093228997
- Cited by
- 810
- References
- 0
- FWCI
- 22.92
- Type
- journal article
- Language
- en
- Open access
- closed
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- Key, N., Sadoulet, E., & Janvry, A. D. (2000). Transactions Costs and Agricultural Household Supply Response. American Journal of Agricultural Economics. https://doi.org/10.1111/0002-9092.00022
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
