Distributed Lag Estimation of Harmonic Motion in the Hog Market

Mark S. Jelavich

American Journal of Agricultural Economics, 1973, vol. 55, issue 2, 223-224

Abstract: The harmonic motion model as explanation of some markets' behavior is an alternative to the cobweb model. A distributed lag technique for estimating harmonic motion is presented. Results are consistent with the four-year period observed in the hog cycle; an inference about farmers' expectations can be made from the results.

Date: 1973
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:55:y:1973:i:2:p:223-224.

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