Access

You are not currently logged in.

Access your personal account or get JSTOR access through your library or other institution:

login

Log in to your personal account or through your institution.

If you need an accessible version of this item please contact JSTOR User Support

Symmetric Positive Equilibrium Problem: A Framework for Rationalizing Economic Behavior with Limited Information

Quirino Paris
American Journal of Agricultural Economics
Vol. 83, No. 4 (Nov., 2001), pp. 1049-1061
Stable URL: http://www.jstor.org/stable/1244713
Page Count: 13
  • Download ($36.00)
  • Cite this Item
If you need an accessible version of this item please contact JSTOR User Support
Symmetric Positive Equilibrium Problem: A Framework for Rationalizing Economic Behavior with Limited Information
Preview not available

Abstract

The PMP methodology is extended to deal with many economic units, self-selection arising from heterogeneous economic behavior, and multiple limiting inputs. The novel structure for the analysis of this type of problems acquires the name "symmetric positive equilibrium problem." This methodology is articulated in three phases that parallel those one of positive mathematical programming. The recovery of a cost function that calibrates the base-year decisions of each economic unit is realized within a maximum entropy framework. The methodology is illustrated by the analysis of a sample of Italian farms that operate under the complex policy mandates of the European Union.

Page Thumbnails

  • Thumbnail: Page 
[1049]
    [1049]
  • Thumbnail: Page 
1050
    1050
  • Thumbnail: Page 
1051
    1051
  • Thumbnail: Page 
1052
    1052
  • Thumbnail: Page 
1053
    1053
  • Thumbnail: Page 
1054
    1054
  • Thumbnail: Page 
1055
    1055
  • Thumbnail: Page 
1056
    1056
  • Thumbnail: Page 
1057
    1057
  • Thumbnail: Page 
1058
    1058
  • Thumbnail: Page 
1059
    1059
  • Thumbnail: Page 
1060
    1060
  • Thumbnail: Page 
1061
    1061