Endogenous Switching Systems: Issues, Options, and Application to the U.S. Dairy Sector

Jorge Cornick and Thomas L. Cox

Journal of Agricultural Economics Research, 1992, vol. 44, issue 4, 11

Abstract: This research explores the theoretical and applied issues associated with endogenous switching systems where market prices are bounded by policy instruments such as price supports Options for estimation of model parameters and their associated standard errors are identifdied and explored Application to the US dairy sector illustrates the research tradeoffs between conceptual rigor and empirical tracrability that characterize these models Results suggest that failure to explicitly address the endgenous switching context compromises the estimation results

Keywords: Livestock Production/Industries; Research Methods/Statistical Methods (search for similar items in EconPapers)
Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersja:140093

DOI: 10.22004/ag.econ.140093

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