Literature On The Basic Household Model

1281 Words Aug 26th, 2015 6 Pages
In our last chapter we perused through the literature on the basic household model which serves as the fulcrum upon which our research depends. In this chapter, we attempt to present to the reader the framework upon which our research is based. This is important for two reasons; apart from introducing the reader to the basic theoretical framework which forms the heart of our research, it also gives a proper introduction into our estimation procedure which we will discuss in Chapter seven.

1.2 The Basic Household Production Model

The underlying model upon which we premise our conceptual framework is the formal household production model which has far-reaching foundation in the literature. Its foundation in the literature reaches as far back as Becker (1965), Lau et al. (1978), Barnum et al. (1979), Singh et al. (1986); Pitt et al. (1985); and, Omamo (1998) just to mention a few (chapter three explains further). However, this is not the centre of our research.

In this chapter, we emphasize the basic household model as stipulated in Singh et al. (1986 pages 17 – 19) and then modify it in order to suit the main objective of this research. It is at this juncture we would want to remind the reader of the main aim of our research.

Our research focuses on arriving at an estimate of the farmers’ production efficiency and then using this estimate to obtain 'precise ' figures for the households’ willingness to pay for malaria abatement. The reader should note that we would like to…
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