There is some confusion in the literature on the consumption behaviour of farmers. We try to clear up some of the issues surrounding this confusion by elaborating and testing a model. Euler equations have been derived from a constant relative risk aversion utility function for total consumption...

Subsistence agriculture in Central and Eastern Europe (CEE) has only recently gained interest from agricultural economists. Their origin, their future and even their definition is still not well elaborated. This paper tries to throw light on the issue of subsistence farming in CEE. It first...