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Michael R. Caputo
''Fundamental comparative statics of the canonical agricultural household model''
( 2023, Vol. 43 No.4 )
Despite the genesis of the agricultural household model being more than four decades ago, a complete characterization of its fundamental comparative statics has eluded researchers. By employing a differential approach based on generalized compensated derivatives, this gap is closed for a generic form of the agricultural household model. Extensions of the model and the concomitant results are contemplated too. Because the fundamental comparative statics are heretofore unknown as well as observable, they yield a host of new empirically testable implications of the model, and as such permit a complete empirical scrutiny of it for the first time.
Keywords: agricultural household model, comparative statics, generalized compensated derivatives, testable implications
JEL: D1 - Household Behavior: General
Q1 - Agriculture: General
Manuscript Received : Apr 19 2023 Manuscript Accepted : Dec 30 2023

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