Sequential Labor Decisions under Uncertainty: An Estimable Household Model of West-African Farmers.
This paper reports estimates of the primitive parameters of a stochastic control model describing the labor decisions of West African small farmers. Maximum likelihood estimates are computed although optimal labor decision rules cannot be derived analytically. Vuong's non-nested model specifica...
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| Formatua: | Journal article |
| Hizkuntza: | English |
| Argitaratua: |
Econometric Society
1993
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