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Disequilibrium Market Analysis: An Application to the U.S. Fed Beef Sector

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  • Rod F. Ziemer
  • Fred C. White
Abstract
In this paper current theory and estimation procedures are applied in an analysis of disequilibrium price behavior in the U.S. fed beef sector. Although tests of equilibrium versus disequilibrium hypotheses are not well developed, results indicate the possible presence of disequilibrium prices in the market for fed beef; at least the hypothesis of significant disequilibrium could not be rejected.

Suggested Citation

  • Rod F. Ziemer & Fred C. White, 1982. "Disequilibrium Market Analysis: An Application to the U.S. Fed Beef Sector," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 64(1), pages 56-62.
  • Handle: RePEc:oup:ajagec:v:64:y:1982:i:1:p:56-62.
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    File URL: http://hdl.handle.net/10.2307/1241172
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    Cited by:

    1. Unknown, 1990. "Structural Change in Livestock: Causes, Implications, Alternatives," Research Institute on Livestock Pricing 232728, Virginia Polytechnic Institute and State University, Department of Agricultural and Applied Economics.
    2. Lent, Rebecca J., 1985. "Imperfect Information And The Firm'S Decision Process: Applications To The Pacific Salmon Market," 1985 Annual Meeting, August 4-7, Ames, Iowa 278663, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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