RATIONALIZING TIME SERIES DIFFERENCES BETWEEN COW-CALF AND FEEDER RETURNS
| dc.creator | Zhao, Huan | |
| dc.creator | Hennessy, David A. | |
| dc.date | 2017-04-01T19:56:12Z | |
| dc.date.accessioned | 2026-07-09T04:45:17Z | |
| dc.description | This paper tries to justify the observation of different return patterns in the upstream and downstream sectors of US beef production. It builds a dynamic rational expectation model separating the cow-calf and feeding sector with the former sector being the residual claimer. The model shows that the cow-calf operation has positively autocorrelated return pattern while the feeding operation return only reflects random shock. Empirical study shows that 85.4% of the Ricardian rent is passed through to the upstream sector, and the downstream sector can only claim the unexpected return resulting from random shocks. | |
| dc.identifier | doi:10.22004/ag.econ.49486 | |
| dc.identifier | https://ageconsearch.umn.edu/record/49486/files/611129.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/49486 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/554450 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/49486 | |
| dc.title | RATIONALIZING TIME SERIES DIFFERENCES BETWEEN COW-CALF AND FEEDER RETURNS | |
| dc.type | Text |