ملخص
This is the first econometric study of dynamic beef supply response to incorporate risk aversion or, more specifically, price variance. Autoregressive distributed lag (ADL) models are estimated for cow-calf and feedlot operations using aggregate data for Alberta. In all cases, output price variance has a negative impact on output supply and investment. Moreover, the impacts of expected price on supply response are greater in magnitude and significance than in risk-neutral models.
اللغة الأصلية | English |
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الصفحات (من إلى) | 519-539 |
عدد الصفحات | 21 |
دورية | Journal of Agricultural and Resource Economics |
مستوى الصوت | 28 |
رقم الإصدار | 3 |
حالة النشر | Published - ديسمبر 2003 |
منشور خارجيًا | نعم |
ASJC Scopus subject areas
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