PRICE DISEQUILIBRIUM VERSUS PRICE EQUILIBRIUM: A QUESTION OF MODELING APPROACHES

Harry S. Baumes and Abner W. Womack

No 278188, 1979 Annual Meeting, July 29-August 1, Pullman, Washington from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Price equilibrium and price disequilibrium are two modeling approaches that have been used to represent the underlying economic and/or operational structure for agricultural commodity models, particularly field crops. This paper compares both of these model structures, as applied to the U.S. corn industry, and discusses policy implications of each.

Keywords: Research; Methods/Statistical; Methods (search for similar items in EconPapers)
Pages: 21
Date: 1979-07
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea79:278188

DOI: 10.22004/ag.econ.278188

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