Dynamic adjustment in the US beef market with imports
研究假设美国牛肉加工和批发部门通过进口牛肉和活牛来应对国内供需的短期变化，并用动态生产理论检验这一调整过程，发现该方法能合理描述该部门的进口行为。
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. © 1997 Elsevier Science B.V.