Subsistence response to market shocks
Subsistence response to market shocks
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DOI：
10.1111/j.1467-8276.2006.00858.x
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发表时间：
2006-05-01
影响因子：
4.2
通讯作者：
Taylor, JE
中科院分区：
文献类型：
--
作者：
Dyer, GA;Boucher, S;Taylor, JE
微观经济模型认为，交易成本使自给生产者免受产出市场冲击。我们将许多异质家庭的微观经济模型整合到一个一般均衡模型中，并表明自给农场的供应可能会以明显反常的方式对产出市场价格的变化做出反应。主要商品市场的价格冲击通过要素市场的相互作用传递给自给生产者。在所介绍的案例中，玉米市场价格的下降降低了工资和地租，刺激了维持生计家庭的玉米生产;然而，维持生计家庭的真实的收入却下降了。
Microeconomic models posit that transaction costs isolate subsistence producers from output market shocks. We integrate microeconomic models of many heterogeneous households into a general equilibrium model and show that supply on subsistence farms may respond, in apparently perverse ways, to changes in output market prices. Price shocks in markets for staple goods are transmitted to subsistence producers through interactions in factor markets. In the case presented, a decrease in the market price of maize reduces wages and land rents, stimulating maize production by subsistence households; however, real incomes of subsistence households fall.