Perverse supply curves in less developed economies?

Authors

  • J.H.L. Joosten

DOI:

https://doi.org/10.18174/njas.v8i2.17651

Abstract

The theory that perverse supply curves for cash-crop commodities exist in subsistence economies is very firmly held by Prof. Boeke according to whom this theory is borne out in particular by the native rubber industry of Indonesia. An analysis of the relationship of rubber and rice prices to exports of native rubber in two main producing regions of Indonesia clearly shows that where the peasant rubber producer has alternative opportunities he reacts in an entirely 'normal' manner to changes in the price of rubber relative to rice. A. (Abstract retrieved from CAB Abstracts by CABI’s permission)

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Published

1960-05-01

Issue

Vol. 8 No. 2 (1960)

Section

Papers

License

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