The Role of Speculation and Information in the Early Evolution of the United States Ostrich Industry: An Industry Case Study

Jeffrey Gillespie and Alvin R. Schupp

Review of Agricultural Economics, 2002, vol. 24, issue 1, 278-292

Abstract: The U.S. ostrich industry was introduced in the 1980s and experienced rapid expansion in the late 1980s and early 1990s. Breeding stock prices rose rapidly and subsequently plummeted during 1993–1995. High prices are to be expected in the introductory stage of an industry. However, the magnitude of prices in the ostrich industry is likely due to overestimates of ostrich productivity and future demand for ostrich products, as well as speculation in the ostrich market. This paper discusses the evolution of the industry from the mid-1980s to the present. Copyright 2002, Oxford University Press.

Date: 2002
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