Partial adjustment and adaptive expectations

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Table of contents

Chap. 1 – A SHORT REVIEW 0F LIVEST0CK CYCLES THEORY
1 – Periodicity
2 – Reversibility and the nature of the supply function
3 – The relationships between breeding
stock and supply
Chap. 2 – INVENTORY-SUPPLY INTERACTION AND ITS C0NSEQUENCES 0N THE SUPPLY FUNCTIoN
1 – A supply function based on inventorysales interaction
2 – Partial adjustment and adaptive expectations
3 – Supply in numbeis, supply in weights
4 – Dynamics and stability conditions
5 – Simul taneous or recursive cobweb ?
Biases resul t’ing from unappropriate estimation procedure
Chap. 3 – AN ECON0METRIC MODEL 0F THE HOG SUBSECTOR IN FRANCE
L – General setting of the French hog j ndu stry
11 – Production
1,2 – Consumption, prices i3 – Trade, EEC and pol icy
2 – Data available, implications for specification and possible biases
21 – The supply block
22 – Denand block
23 – Trade equation
3 – Empirical results
3i – Compl ete model
32 – Prel iminary work on supply
33 – Structural changes and supp’ly el a stic i ti es
Chap. 4 – WTLFARE ANALYSIS 0F THE HOG CYCLE IN FRANCE
1 – tlelfare loss in a simple cobweb
2 – Distribution effects
3 – l,lelfare effects of fluctuations . in a more general model
3L – Consumers’surp’lus and marketing margins behavior
1 – constant margins
2 – proportional margins
3 – non reversibility of retail price fluctuations
32 – A first appl ication to the hog market
Conclusion
Appendix 4.
CONCLUSION