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A dynamic analysis of the size distribution of firms: The case of the US dairy industry

This article develops a time-varying Markov process of the aggregate size distribution of firms in an industry. This is used to specify and estimate an econometric model of the regional evolution of the number and size of US dairy farms. The empirical results provide evidence concerning the effects of milk price and feed cost on the structure of dairy production in selected regions.
Year of publication:
1988
Authors: Chavas, Jean-Paul ; Magand, Gilbert
Published in:
Agribusiness. - John Wiley & Sons, Ltd., ISSN 0742-4477. - Vol. 4.1988, 4, p. 315-329
Publisher: John Wiley & Sons, Ltd.
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Type of publication: Article
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Persistent link: https://www.econbiz.de/10008569748
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