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A model was developed to determine the optimal slaughter weights of pigs with heterogeneous growth raised in a 1,000 head barn and marketed in truckload groups. Under commonly used revenue schemes, which include discounts for weight and leanness, the optimal strategy was to market one or two...
Persistent link: https://www.econbiz.de/10014052991
Structural change in meat consumption has been the focus of many researchers during the last two decades. In this paper we develop a dynamic linear Almost Ideal Demand System (AIDS) model from a cost function that allows for time varying parameters. This model is consistent with inertia in the...
Persistent link: https://www.econbiz.de/10005801285
Replaced with revised version of paper 08/16/05.
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The importance of heterogeneity of animal attributes in livestock production is assessed. Preliminary results indicate that variance and skew measures of attributes may be becoming more important over time.
Persistent link: https://www.econbiz.de/10005804624
The following paper outlines a new econometric model designed to capture both the temporal and spatial dynamics of housing prices. The paper combines existing spatial econometric techniques with a model that allows parameters to evolve over time. In addition, we provide an empirical application...
Persistent link: https://www.econbiz.de/10005804642
Consumers' preferences for credence attributes of a product may differ from each other, when facing the choices between branded and/or non-branded products. We test this hypothesis with conditional and mixed logit regression using data obtained by choice experiment surveys. The results suggest...
Persistent link: https://www.econbiz.de/10005804663
This research tests for causality between indexed retail pork revenues and pork advertising. Evidence was found of feedback between revenues and total pork advertising, but not between revenues and generic advertising. In fact, generic advertising was found to have no significant impact on...
Persistent link: https://www.econbiz.de/10005806407
Softwood lumber trade between the United States and Canada has worldwide attention due to its economic importance and for lengthy dispute. Most studies have focused on welfare effects of the dispute, while few studies have evaluated the question of likeness of product. This study evaluates the...
Persistent link: https://www.econbiz.de/10005060282