Two-Step Econometric Estimation of Farm Characteristics Affecting Marketing Contract Decisions

Posted: 11 Mar 2004

See all articles by Ani Katchova

Ani Katchova

The Ohio State University

Mario Miranda

Ohio State University (OSU) - Department of Agricultural, Environmental & Development Economics

Abstract

We examine how farm characteristics affect marketing contract decisions. We relax the restrictive assumptions of Tobit, Poisson, and multinomial logit models and consider the quantity, frequency, and contract type decisions conditional on, rather than jointly with, the contract adoption decision. In contrast to earlier studies on marketing contract decisions, we estimate a two-step econometric model using Agricultural Resource Management Study data and find that farm characteristics affecting decisions to adopt marketing contracts differ from those affecting decisions regarding quantity, frequency, and contract type.

Suggested Citation

Katchova, Ani and Miranda, Mario, Two-Step Econometric Estimation of Farm Characteristics Affecting Marketing Contract Decisions. Available at SSRN: https://ssrn.com/abstract=513302

Ani Katchova (Contact Author)

The Ohio State University ( email )

2120 Fyffe Rd
Columbus, OH 43210-1067
United States

Mario Miranda

Ohio State University (OSU) - Department of Agricultural, Environmental & Development Economics ( email )

2120 Fyffe Rd
Columbus, OH 43210-1067
United States

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Abstract Views
1,089
PlumX Metrics