| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
CATTLE CYCLES, EXPECTATIONS AND THE AGE DISTRIBUTION OF CAPITAL
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| Autores: |
Aadland, David
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| Data: |
2002-05-14
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| Ano: |
2002
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| Palavras-chave: |
Livestock Production/Industries
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| Resumo: |
This paper builds a dynamic forward-looking model describing the approximate ten-year cattle cycle. The theoretical model improves on existing models by (1) allowing cow-calf operators to make investment decisions on both the cow and calf margins, (2) formally recognizing the age distribution of the capital stock, and (3) considering a mixed scheme of rational and naive expectations. The model is then calibrated and used to simulate artificial data that endogenously generates ten-year cycles in the total stock of cattle.
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| Tipo: |
Conference Paper or Presentation
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| Idioma: |
Inglês
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| Identificador: |
4435
http://purl.umn.edu/19795
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| Editor: |
AgEcon Search
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| Relação: |
American Agricultural Economics Association>2002 Annual meeting, July 28-31, Long Beach, CA
Selected Paper
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| Formato: |
31
application/pdf
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