Disequilibrium Market Analysis: An Application to the U.S. Fed Beef Sector
运用非均衡理论分析美国育肥牛市场的价格行为,发现市场可能存在非均衡价格,对研究农产品市场动态的学者有参考价值。
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.