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...

Competitiveness has been a subject of considerable attention in agricultural economics. In this paper we study the development of the international competitiveness of Ukrainian crop production between 1996 and 2001 using the concepts of Domestic Resource Cost and Private Cost Ratio. We...