This paper presents an innovative quantitative approach to modelling milk and beef supply, which is then applied to Hungary and Poland. Utilising generalised maximum entropy estimation, we provide an empirical basis for treating ill-posed and -conditioned problems by reconciling sample and non-sample information. Adjustments in quasi-fixed factors are explicitly taken into account in order to capture dynamics. Inelastic milk supply responses were found both for Hungary and for Poland. Milk and beef outputs behave as complements in the medium run, but not in the short run for Poland. The empirical estimates found generally support the assumed parameters used in calibrated models. Oxford University Press and Foundation for the European Review of Agricultural Economics 2008; all rights reserved. For permissions, please email journals.permissions@oxfordjournals.org, Oxford University Press.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Publisher Info
Article provided by Oxford University Press for the Foundation for the European Review of Agricultural Economics in its journal European Review of Agricultural Economics.
Volume (Year): 35 (2008) Issue (Month): 2 (June) Pages: 219-246 Download reference. The following formats are available: HTML
(with abstract),
plain text
(with abstract),
BibTeX,
RIS (EndNote, RefMan, ProCite),
ReDIF
Did you know? Each page is provided with a technical contact, in case something is not right with the supplied information. See under "publisher info".