Titlebook: Development Economics; The Role of Agricult P. N. Raja Junankar Book 2016 The Editor(s) (if applicable) and The Author(s) 2016 Social justi

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The Response of Peasant Farmers to Price Incentives: The Use and Misuse of Profit Functionsed. Neo-classical economic theory (within which profit functions are embodied) ignores the historical, social, institutional and political context within which peasant farmers operate. Peasant farmers . operate in full-blooded capitalist, impersonal, competitive input and output markets. The article

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Vishwesh Ramanathan,Anne L. Martelnal differences. This is clearly a difficult task. To evaluate the impact on agricultural production of land reforms is a relatively easier task. The impact of land ceilings can be assessed by looking at whether there is any significant difference between small and large farms, assuming that the com

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Erratum to: Taking Your Body to Space, decreasing ., or whether it is changing due to . in the sample. We can also test the commonly made assumption of ‘time homogeneity’ (i e, transition probabilities remain constant over time) see Shorrocks (1976). Finally, we can test whether an individual farm that does well in one period does even

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https://doi.org/10.1007/978-1-4419-6899-9esent the econometric results and discuss the limitations of the restricted profit function approach. Finally, Section V concludes the paper with some remarks on the appropriateness of a competitive profit-maximising model as applied to the agricultural sector of a less developed country such as Ind

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Book 2016.The papers in this book study economic development from the perspective of social justice and economic efficiency; exploring the role of land tenure and productivity in Indian agriculture. Junankar discusses the efficiency of small farms versus large farms, and the role of share-cropping tenancy. .