A dynamic analysis of the size distribution of firms: The case of the US dairy industry

Jean-Paul Chavas () and Gilbert Magand
Additional contact information
Gilbert Magand: Agricultural Economics Department, University of Wisconsin-Madison, Postal: Agricultural Economics Department, University of Wisconsin-Madison

Agribusiness, 1988, vol. 4, issue 4, 315-329

Abstract: This article develops a time-varying Markov process of the aggregate size distribution of firms in an industry. This is used to specify and estimate an econometric model of the regional evolution of the number and size of US dairy farms. The empirical results provide evidence concerning the effects of milk price and feed cost on the structure of dairy production in selected regions.

Date: 1988
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wly:agribz:v:4:y:1988:i:4:p:315-329

DOI: 10.1002/1520-6297(198807)4:4<315::AID-AGR2720040403>3.0.CO;2-2

Access Statistics for this article

Agribusiness is currently edited by Ronald W. Cotterill

More articles in Agribusiness from John Wiley & Sons, Ltd.
Bibliographic data for series maintained by Wiley Content Delivery ().