Disequilibrium Market Analysis: An Application to the U.S. Fed Beef Sector
American Journal of Agricultural Economics1982Vol. 64(1), pp. 56–62
Citations Over TimeTop 10% of 1982 papers
Abstract
Abstract In this paper current theory and estimation procedures are applied in an analysis of disequilibrium price behavior in the U.S. fed beef sector. Although tests of equilibrium versus disequilibrium hypotheses are not well developed, results indicate the possible presence of disequilibrium prices in the market for fed beef; at least the hypothesis of significant disequilibrium could not be rejected.
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