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We present a model of market adoption (participation) where the presence of non-negligible fixed costs leads to non-zero censoring of the traditional double-hurdle regression. Fixed costs arise due to household resources that must be devoted a priori to the decision to participate in the market....
Persistent link: https://www.econbiz.de/10005320761
We present a model of market participation in which the presence of nonnegligible fixed costs leads to non-zero censoring of the traditional double-hurdle regression. Fixed costs arise when household resources must be devoted a priori to the decision to participate in the market. These costs -...
Persistent link: https://www.econbiz.de/10014109626
This paper introduces a multivariate generalization of the Poisson regression model in which adoption of crossbred dairy cows, milk production, and milk sales are simultaneously estimated by application of Gibbs sampling and data augmentation techniques. We model the count data from two sites in...
Persistent link: https://www.econbiz.de/10014136841
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Identifying ways to increase market participation by smallholder producers requires identifying variables that influence market access. This is usually achieved using probit estimation. An important phenomenon affecting entry decision-making is the entry decision of a 'similar' household, where...
Persistent link: https://www.econbiz.de/10009442439
Identifying ways to increase market participation by smallholder producers requires identifying variables that influence market access. This is usually achieved using probit estimation. An important phenomenon affecting entry decision-making is the entry decision of a 'similar' household, where...
Persistent link: https://www.econbiz.de/10005513485
Persistent link: https://www.econbiz.de/10010578719
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