Key, Nigel; Sadoulet, Elisabeth; de Janvry, Alain - In: American Journal of Agricultural Economics 82 (2000) 2, pp. 245-59
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...