Simulated Beef Feedlot Behavior under Alternative Water Pollution Control Rules

D. Lynn Forster

American Journal of Agricultural Economics, 1975, vol. 57, issue 2, 259-268

Abstract: Rules are being established by federal and state agencies to control water pollution from feedlots. In order to investigate the impact of alternative rules, a simulation model was constructed to represent the behavior of beef feedlots in Michigan and similar states over the 1974–85 period. Individual firm behavior was simulated as the firm formed expectations concerning ex ante production relationships and input and output prices, made decisions based on these expectations, and had its success determined by ex post production relationships and input and output prices. Results indicate that while the alternative rules would not have severe impacts on feedlot production, their impacts would be regressive.

Date: 1975
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:57:y:1975:i:2:p:259-268.

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