forecasts for some major variables in the beef sector. A provisional supply response model divorced from economic considerations was first specified, estimated and simulated. Results obtained were encouraging. Using the provisional model and introducing...

Economic agents are continually required or assumed to make decisions based upon variables which are unknown or perhaps known with some degree of uncertainty. In order to aid the decision maker in making intelligent decisions, the traditional...

This study has examined how a micro-level decision model which incorporates uncertainty can be reconciled with observed market behavior. Conditions under which a firm-market correspondence exists in a deterministic environment ...