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ON THE EXISTENCE OF STABLE EQUILIBRIA IN AGRICULTURE

Stephan Goetz

Journal of Agricultural and Applied Economics, 1993, vol. 25, issue 1, 9

Abstract: Problems of instability and disequilibrium in U.S. agriculture are synthesized within a single conceptual framework. Agricultural and non-agricultural sector offer curves are used to illustrate why it may not be feasible to achieve and maintain equilibrium and price stability in U.S. agriculture. Empirical evidence on resource disequilibrium and instability in the ratio of prices paid and received by farmers is presented.

Keywords: Demand; and; Price; Analysis (search for similar items in EconPapers)
Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:ags:joaaec:15207

DOI: 10.22004/ag.econ.15207

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