From: Value chain financing and plantain production in Nigeria: an ex-ante approach
Variable | Description |
---|---|
P0 | Initial equilibrium price of plantain |
Q0 | Initial equilibrium quantity of plantain |
Z | Relative reduction in price due to supply shift |
ε | Supply elasticity |
η | Demand elasticity |
K | Shift of the plantain supply curve as a proportion of the initial price |
∆TS | Change in total surplus |
∆CS | Change in consumer surplus |
∆PS | Change in producer surplus |
E(Y) | Expected proportionate yield change (∆ per Ha) due to the adoption of VCF |
E(C) | Expected proportionate change in variable input costs (∆ per Ha) from adoption |
p | Probability of success for achieving the expected yield change from adoption |
At | Adoption rate of VCF at time t |
dt | Rate of depreciation of the new technology/innovation |