Kiel Working Papers, Kiel Institute for World Economics
No 1457:
Farmers' Subjective Valuation of Subsistence Crops: The Case of Traditional Maize in Mexico
Aslihan Arslan and J. Edward Taylor
Abstract: Shadow prices guide farmers' resource allocations, but for
subsistence farmers growing traditional crops, shadow prices may bear
little relationship with market prices. We econometrically estimate shadow
prices of maize using data from a nationally representative survey of rural
households in Mexico. Shadow prices are significantly higher than the
market price for traditional but not improved maize varieties. They are
particularly high in the indigenous areas of southern and southeastern
Mexico, indicating large de facto incentives to maintain traditional maize
there
Keywords: Shadow prices, non-market values, supply response, traditional crops, onfarm, conservation, Mexico; (follow links to similar papers)
JEL-Codes: O12,; O13,; Q12,; Q39; (follow links to similar papers)
44 pages, October 2008
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