The theoretical structure of producer willingness to pay estimates

This article analyzes the theoretical underpinnings of producer willingness to pay (WTP) for new inputs. In addition to conceptualizing the producer WTP function, we derive its comparative statics and show how these properties can be used to estimate quantities demanded or supplied and price elasticities. We also discuss implications of the comparative statics.

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Year of publication:	2014
Authors:	Zapata, Samuel D. ; Carpio, Carlos E.
Published in:	Agricultural Economics. - International Association of Agricultural Economists - IAAE, ISSN 0169-5150. - Vol. 45.2014, 5, p. 613-623
Publisher:	International Association of Agricultural Economists - IAAE

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010890779