Empirical analysis, based on a general dynamic Almost Ideal Demand System, shows the commonly used autoregressive and partial adjustment processes are restrictive to meat demand data. This study derives a linear specification in levels form to investigate dynamics in a general framework. Merging...

The U.S. beef industry has experienced continuing structural change. The size of production enterprises within the industry has expanded while the total number of producers has decreased. The percentage of fed cattle from large commercial feedlots (capacity greater than 1,000 head) has increased...

This study of Indonesia's food policy formulation was initiated in February 1989. The study, conducted in collaboration with the Ministry of Agriculture, was funded by the U.S. Agency for International Development. Junior Minister Sjarifuddin Baharsjah of the Ministry of Agriculture, and Faisal...

The U.S. poultry industry is the fastest growing sector within the meat complex. Concentration and efficiency of U.S. poultry production have grown steadily since the mid-1930s. Poultry is the most vertically integrated of the meat industries and vertical coordination, the linking together of...

This paper investigates whether a small country facing foreign price instability benefits from active stabilization of the domestic price of the importable. For example, the European Community can be treated as a small open economy facing price instability of agricultural products originating in...

The costs of shortages and rationing are not captured by standard consumer price indices. Thus the change in real gross domestic product (GDP) per capita is an overestimate of welfare losses in transition economies. In this study the authors use virtual prices to calculate new cost-of-living...

Meat consumption patterns have changed in the United States. A cursory inspection of the disappearance statistics for meat in the United States reveals that generally, the consumption of red meats has decreased or remained constant while the consumption of poultry and other meats has increased....

Strategic trade in international markets is important for agricultural and other basic commodities. State trading companies (STCs) and large private firms control most of the trade volume. In this study the authors use concepts of modern game theory to treat time inconsistency issues associated...

This paper analyzes the incidence of agricultural commodity programs. Producers advocate commodity programs and receive price subsidies, but free entry and perfectly elastic supplies of nonland inputs ensure that landowners extract the entire surplus from price subsidies. Moreover, an increase...

Since independence in 1962, Jamaica has witnessed changes in the physical and human capital stocks, taxation policies, production technology, household structure and even the general economic system. The percentage of illiterate population declined from 16 percent in 1960 to less than 5 percent...