| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
A THEORETICAL AND EMPIRICAL INVESTIGATION OF THE SUPPLY RESPONSE IN THE U.S. BEEF-CATTLE INDUSTRY
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| Autores: |
Aadland, David
Bailey, DeeVon
Feng, Shelly
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| Data: |
2000-05-09
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| Ano: |
2000
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| Palavras-chave: |
Demand and Price Analysis
Livestock Production/Industries
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| Resumo: |
This paper investigates the response of beef cattle producers to changes in the price of cattle. Previous research has suggested that there may be a negative short-run supply response to a permanent increase in the price of cattle. We build a dynamic, rational expectations model that predicts that the supply response is generally positive, even for permanent shocks in the short run, and nests the negative supply response as a special case for appropriately restricted demand shocks. Using annual US time series data (1930-1997) and a simultaneous-equations econometric approach, we find a positive short-run supply response in the cow market and mixed evidence in the heifer market.
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| Tipo: |
Conference Paper or Presentation
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| Idioma: |
Inglês
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| Identificador: |
1960
http://purl.umn.edu/21887
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| Editor: |
AgEcon Search
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| Relação: |
American Agricultural Economics Association>2000 Annual meeting, July 30-August 2, Tampa, FL
Selected Paper
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| Formato: |
26
application/pdf
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