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Expectation formulations and optimal decisions in cattle feedlot problems
(University of Missouri--Columbia, 1972)
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...
A quarterly econometric model of the United States beef sector
(University of Missouri--Columbia, 1982)
The United States beef sector has been modeled in many studies, perhaps, because beef represents a large proportion of the consumer food dollar and agriculture’s income. The predictive performance of these models has been, ...
A semi-annual econometric model of the United States feed grain-livestock economy
(University of Missouri--Columbia, 1979)
-annual observation period was adopted. Based on equal divisions of the feed crop year, the semi-annual observation period enhanced the possibility for representing the signaling mechanism between the subsectors and allowed the specification to capture stronger...
Uncertainty and the microfoundations of supply response : some theoretical considerations and an empirical application in the U.S. corn market
(University of Missouri--Columbia, 1987)
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 ...