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In this paper we set up, estimate and test a short-run model for the poultry sector inGreece. The model allows for the simultaneous existence of a monopolistically competitiveand a competitive segment, and determines producer and consumer prices, and the quantityconsumed. We provide evidence on steady-state parameters such as demand and supplyelasticities, as well as on speeds of adjustment of prices and quantities. The evidencesuggests that adjustment is very rapid, although quantities appear to be adjusting morequickly than prices. The model is used to examine the dynamics of adjustment to demandand supply-side disturbances.

Subject(s): Crop Production/Industries

Livestock Production/Industries

Issue Date: 1991-10

Publication Type: Journal Article

PURL Identifier: http://purl.umn.edu/172804 Published in: Agricultural Economics: The Journal of the International Association of Agricultural Economists, Volume 06, Issue 1 Page range: 79-89

Total Pages: 12

Record appears in: International Association of Agricultural Economists (IAAE) > Agricultural Economics: The Journal of the International Association of Agricultural Economists





Autor: Alogoskoufis, George ; Baltas, Nicholas C.

Fuente: http://ageconsearch.umn.edu/record/172804?ln=en







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