Aggregate Milk Supply Response and Investment Behavior on U.S. Dairy Farms
构建了一个动态模型，分析美国奶牛业中经济环境对淘汰率和牛群动态的影响，并计算短期和长期供给弹性，揭示牛奶供给随时间调整的机制。
Abstract This paper presents a dynamic model of herd composition and supply response in the U.S. dairy sector. By incorporating biological information, the influences of the economic environment on culling rates and the dynamics of the dairy cow population are analyzed. Short‐run and long‐run supply elasticities provide considerable insights on milk supply adjustments over time.