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Table 1 Notations and description

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