文章基本信息

标题：CAPTIVE SUPPLY IMPACT ON THE U.S. FED CATTLE PRICE: AN APPLICATION OF NONPARAMETRIC ANALYSIS
本地全文：下载
作者：Lee, Andrew C. ; Kim, Man-Keun
期刊名称：Journal of Agribusiness
印刷版ISSN：0738-8950
出版年度：2011
页码：103-115
出版社：Journal of Agribusiness
摘要：Conventional regression technique is restrictive because it assumes a specific functional form for the model and the constancy of parameters. Nonparametric method, however, is flexible and supplementary to parametric analysis. In this study, impact of captive supply on the U.S. fed cattle cash market price is investigated via nonparametric analysis. Results indicate that the price effect of captive supply does not appear until its share reaches about 20% of the total cattle procurement. Beyond this point, the U.S. fed cattle price decreases approximately $0.20/cwt ~ $0.40/cwt for each percent increase in the captive supply share.
关键词：captive supply;Kernel regression;JEL Classifications: C19;Q13