This paper hypothesizes that while there are important qualitative differences in domestic beef and imported beef, beef and cattle imports also represent attempts by the US beef processing and wholesale sector to adjust to short-run changes in supply and demand. Dynamic production theory is applied to the problem to test for this adjustment process, and presents a production theory approach to meat trade that has previously been included in demand functions. The results of this analysis suggest that the method used provides a reasonable and appropriate representation of the import behavior of the US processing and wholesale beef sector.
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出版者
The Royal Society of Chemistry
其它主题
Profits and margins; United states; Adjustment cost hypothesis; Dynamic dual production theory; Economic theory; Retail-ready beef products
语言
英语
注释
2019-12-05
类型
Journal Article; Text
2024-02-29
2026-02-03
MODS