英文摘要 |
Two organizational modes or practices are said to be complements(substitutes) if the implementation of one practice increases (decreases)the marginal return of using the other practice. In this study, we test forthe implication of complementarities and substitutabilities among variousmarketing arrangements used by U.S. farmers by examining thecorrelation among marketing arrangements (practices) conditional onfarm/farmer observed and unobserved heterogeneities. The Probit modelwith unobserved heterogeneity is estimated using the simulatedmaximum likelihood method (SMLE). In our results, we foundsubstitutabilities among different marketing arrangements. The resultsare robust across different commodities and across different econometricspecifications. |