Agriculture Reference
In-Depth Information
Table B.1
Definitions of theoretical variables
Variable
a
=
amount of task specialization.
c
=
cost of nonland and nonlabor inputs.
d
=
date when inputs are used.
e
=
farmer inputs, including effort.
h
=
crop production function.
k
=
nonland and nonlabor inputs: chapters 4, 5.
=
unpriced attributes of land, equipment and buildings: chapter 8.
=
capital: chapter 9.
l
=
land attributes: chapters 4, 5.
=
priced attributes of land, equipment or buildings: chapter 8.
m
=
hours of market work: chapter 9.
=
input measurement costs: chapter 5.
q
=
input share paid by the farmer.
r
=
actual opportunity cost of land inputs.
r
=
cost of land attributes to the farmer renting land.
s
=
farmer's share of output.
t
=
task effort.
v
=
cost of the unpriced attributes of land, equipment and buildings.
w
=
opportunity cost of effort.
C
=
number of crop cyles per year.
C
c
=
fixed contract cost of a cash rent contract.
C
s
=
fixed contract cost of a cropshare contract.
L
=
length of stage of production.
Q
=
observable crop output.
R
=
farmer's coefficient of absolute risk aversion.
T
=
number of tasks in a given stage.
U
=
farmer's utility function.
V
=
value of the contract or organization.
Y
=
farmer's income from the land contract.
α
=
degree to which specialization matters.
β
=
cash side payment made by the farmer.
θ
=
nature's random input.
ι
=
interest rate.
µ
=
fixed cost of output measurement: chapter 4.
=
mean of prices: chapter 6.
=
constant number of hours each worker can provide in a day.
