CATTLE CYCLES, EXPECTATIONS AND THE AGE DISTRIBUTION OF CAPITAL
| dc.creator | Aadland, David | |
| dc.date | 2017-04-01T14:04:39Z | |
| dc.date.accessioned | 2026-07-09T03:29:05Z | |
| dc.description | This paper builds a dynamic forward-looking model describing the approximate ten-year cattle cycle. The theoretical model improves on existing models by (1) allowing cow-calf operators to make investment decisions on both the cow and calf margins, (2) formally recognizing the age distribution of the capital stock, and (3) considering a mixed scheme of rational and naive expectations. The model is then calibrated and used to simulate artificial data that endogenously generates ten-year cycles in the total stock of cattle. | |
| dc.identifier | doi:10.22004/ag.econ.19795 | |
| dc.identifier | https://ageconsearch.umn.edu/record/19795/files/sp02aa01.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/19795 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/533325 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/19795 | |
| dc.title | CATTLE CYCLES, EXPECTATIONS AND THE AGE DISTRIBUTION OF CAPITAL | |
| dc.type | Text |