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The economics of cattle supply

Author

Listed:
  • David Aadland

Abstract

This paper builds a dynamic rational expectations model describing the supply of cattle. The theoretical model improves on existing models by allowing cow-calf operators to make period-by-period investment decisions on both the cow and calf margins, separates the markets for fed and unfed beef, and considers a rich set of exogenous shocks. The model is calibrated and used to simulate artificial data that replicates several empirical regularities associated with the cattle cycle.

Suggested Citation

  • David Aadland, "undated". "The economics of cattle supply," Working Papers 2000-11, Utah State University, Department of Economics.
    • Handle: RePEc:usu:wpaper:2000-11
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    File URL: https://repec.bus.usu.edu/RePEc/usu/pdf/ERI2000-11.pdf
    File Function: First version, 2000
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    Citations

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    Cited by:

    1. Zhao, Huan & Hennessy, David A., 2009. "Rationalizing Time Series Differences Between Cow-Calf And Feeder Returns," 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin 49486, Agricultural and Applied Economics Association.
    2. Mathews, Kenneth H., 2002. "Economic Effects of a Ban Against Antimicrobial Drugs Used in U.S. Beef Production," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 34(3), pages 513-530, December.
    3. Grahamm Errol G., 2013. "Perverse supply response in the Liberian mining sector," Policy Research Working Paper Series 6663, The World Bank.

    More about this item

    JEL classification:

    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices
    • Q12 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets

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