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dc.contributor.authorBellemare, Marc F.
dc.contributor.authorBarrett, Christopher B.
dc.date.accessioned2018-08-21T17:09:32Z
dc.date.available2018-08-21T17:09:32Z
dc.date.issued2005-03-01
dc.identifier.urihttps://hdl.handle.net/1813/57798
dc.descriptionWP 2005-10 March 2005
dc.descriptionJEL Classification Codes: C34; D19; O12; Q12
dc.description.abstractDo rural households in developing countries make market participation and volume decisions simultaneously or sequentially? This article develops a two-stage econometric model that allows testing between these two competing hypotheses regarding household-level market behavior. The first stage models the household's choice of whether to be a net buyer, autarkic, or a net seller in the market. The second stage models the quantity bought (sold) for net buyers (sellers) based on observable household characteristics. Using household data from Kenya and Ethiopia on livestock markets, we find evidence in favor of sequential decision-making, the welfare implications of which we discuss.
dc.language.isoen_US
dc.publisherCharles H. Dyson School of Applied Economics and Management, Cornell University
dc.titleAn Ordered Tobit Model of Market Participation: Evidence from Kenya and Ethiopia
dc.typearticle
dcterms.licensehttp://hdl.handle.net/1813/57595


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  • Dyson School Working Papers
    Working Papers published by the Charles H. Dyson School of Applied Economics and Management, Cornell University

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