Hog Cycles and Countercyclical Production Response
作者： Dermot J. Hayes , Andrew Schmitz
DOI: 10.2307/1242186
关键词: Market economy 、 Monetary economics 、 Efficient-market hypothesis 、 Economics 、 Notice 、 Production (economics) 、 Agricultural and Biological Sciences (miscellaneous) 、 Economics and Econometrics
摘要: The cycle in prices and output is not a permanent fixture of the pork industry. Exogenous shocks occasionally give rise to predictable cycles prices, but these are eventually eliminated manner that consistent with existence countercyclical producers. It normally takes several revolutions before sufficient number producers notice has begun able alter their production patterns sufficiently eliminate it. Consequently, more compelling evidence favor less likely it continue.
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