Smallholders, Market Failures, and Agricultural Production: Evidence from India
|dc.description.abstract||Market completeness has important implications for household behavior. I firmly reject complete markets for smallholders but am unable to do so for non-smallholders. This leads to important differences in production behavior: smallholders reallocate labor across activities less in response to intra-seasonal crop price changes than do non-smallholders. A counterfactual exercise indicates smallholders could increase revenue by almost nine percent if they were to reallocate labor similarly to non-smallholders. The overall pattern of results is consistent with small-holders lacking sufficient wage employment opportunities. Since non-smallholders have to hire in for agricultural production, this lack of opportunities does not affect their decisions.||-|
|dc.publisher||IZA – Institute of Labor Economics||-|
|dc.relation.isPartOfSeries||IZA DP No. 13682||-|
|dc.title||Smallholders, Market Failures, and Agricultural Production: Evidence from India||-|
Click the button and follow the links to connect to the full text. (KDI CL members only)
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.