Specification of trade in intermediate by-products in aggregate models of supply: A case study

C. -H. Hanf and R. A. E. Mueller

European Review of Agricultural Economics, 1980, vol. 7, issue 3, 333-340

Abstract: Summary The exogenous determination of prices of intermediate by-products in aggregate linear programming models results in biased supply estimates of the final products. In this article the effects on estimated levels and marginal changes in milk supply of three alternative specifications of trade in calves are investigated using a representative farm model of West German dairy production.

Date: 1980
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