A NONLINEAR MODEL OF INFORMATION AND COORDINATION IN HOG PRODUCTION: TESTING THE COASIAN-FOWLERIAN DYNAMIC HYPOTHESES
Matthias Ruth,
L. Martin Cloutier and
Philip Garcia
No 20971, 1998 Annual meeting, August 2-5, Salt Lake City, UT from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
Abstract:
The pig-cycle 'explanation' expunded by Coase and Fowler followed a well-integrated economic logic and provides tremendous insight into our understanding of commodity cycles. The paper presents a simulation model that replicates all of Coase and Fowler's results and tests its robustness with an application to U.S. hog production.
Keywords: Livestock Production/Industries; Research Methods/ Statistical Methods (search for similar items in EconPapers)
Pages: 18
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea98:20971
DOI: 10.22004/ag.econ.20971
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