Short-run substitution in the sheep and beef industries [Australia; price elasticities]
1987
Lewis, P.E.T. (Australian Bureau of Agricultural and Resource Economics, Canberra)
Estimates of price elasticities within a set of major variable inputs for the Australian beef and sheep industries are presented. A well-known input demand system is estimated from surveys. The substitution parameters derived from these estimates are presented and the implications are discussed.
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