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(1981)
The Microeconomics of Technique Adoption by Smallholding Mexican Farmers
- Publisher
- Wiley
- Copyright
- © Agricultural and Applied Economics Association
- ISSN
- 0002-9092
- eISSN
- 1467-8276
- DOI
- 10.2307/1243863
- Publisher site
- See Article on Publisher Site
Abstract
Within a Bayesian framework, a random‐effects model is developed and applied to adoption of new wheat varieties in South Australia. In this model, not all pieces of information add equally to knowledge about the innovation. The model shows the acquisition of information to be much slower than has been suggested by previous Bayesian models and can also explain laggards and partial adoption. The results have important practical implications for farmers and support agencies. The paper's theoretical contributions are to highlight the structure of information, and to demonstrate how qualitative results can be obtained where the posterior Bayesian distribution is intractable.
Journal
American Journal of Agricultural Economics – Wiley
Published: Nov 1, 1996
Keywords: ; ; ; ; ;