The economics of cattle supply

David Aadland ()

No 2000-11, Working Papers from Utah State University, Department of Economics

Abstract: This paper builds a dynamic rational expectations model describing the supply of cattle. The theoretical model improves on existing models by allowing cow-calf operators to make period-by-period investment decisions on both the cow and calf margins, separates the markets for fed and unfed beef, and considers a rich set of exogenous shocks. The model is calibrated and used to simulate artificial data that replicates several empirical regularities associated with the cattle cycle.

JEL-codes: C61 Q11 Q12 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-agr and nep-cmp

Downloads: (external link)
http://www.econ.usu.edu/RePEc/usu/pdf/ERI2000-11.pdf First version, 2000 (application/pdf)

Related works:
Working Paper: THE ECONOMICS OF CATTLE SUPPLY (2000)
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