Do Farmers Choose to Be Inefficient? Evidence from Bicol, Philippines
Farming households that differ in their
ability, or willingness to take on risks are likely to make
different decisions when allocating resources, and effort
among income-producing activities, with consequences for
productivity. The authors measure voluntary, and involuntary
departures from efficiency for rice-producing households in
Bicol, Philippines. They take advantage of a panel of
household observations from 1978, 1983, and 1994. The