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Article: Estimating the choice behavior of self-employed business proprietors: an application to dairy farmers.
- Article from:
- Southern Economic Journal
- Article date:
- January 1, 1994
- Author:
CopyrightCOPYRIGHT 1994 Southern Economic Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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I. Introduction
The vast majority of business concerns operating in contemporary market oriented economies are owned and controlled by a single individual and perhaps family members. Yet little work has been performed in the area of estimating the choice behavior of self-employed business proprietors, particularly under conditions where production and consumption decisions are interdependent.
Lau, Lin, and Yotopolous |16~, Barnum and Squire |2~, and others have developed models to analyze and estimate the complete choice behavior of farm households in developing nations. These analyses invariably separate production and consumption decisions so that the sole ...