Economic reform in the Central and Eastern European countries in the 1980s helped transform the structure and volume of agricultural production, consumption and trade, and resulted in significant agricultural productivity improvements. However, there are large differences among the transition...

The static production efficiency model and the dynamic duality model of intertemporal decision making using a parametric approach have been continuously developed but in separate directions. In this study the static shadow cost approach and the dynamic duality model of intertemporal decision...

The static production efficiency model and the dynamic duality model of intertemporal decision making using a parametric approach have been continuously developed but in separate directions. The parametric approach takes statistical noise into account, which can provide accurate measures in a...

The goal of this study is to assess households? labor allocation in the wake ofChina?s efforts to develop the rural labor market in a manner that is conductive toits transition to a market economy. Applying the agricultural household model asthe theoretical framework, we help to understand the...

Since the seminal work of Adam Smith, markets have been considered an efficienttool for co-ordinating the behaviour of economic agents. The basic characteristicof a market economy is that the complex system of interaction amongindividuals is not centrally coordinated. Under the assumption of...