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Demand, Supply, and Price Relationships for the Broiler Sector, with Emphasis on the Jack-Knife Method

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  • Russell G. Thompson
  • J. Michael Sprott
  • Richard W. Callen

Abstract

Parameters of a simultaneous equation model of the broiler sector were estimated by 2SLS, OLS, and JK procedures as proposed by Tukey and Hartley and Hartley. Results indicate that 2SLS and OLS methods may significantly underestimate the standard errors of the coefficients.

Suggested Citation

  • Russell G. Thompson & J. Michael Sprott & Richard W. Callen, 1972. "Demand, Supply, and Price Relationships for the Broiler Sector, with Emphasis on the Jack-Knife Method," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 54(2), pages 245-248.
    • Handle: RePEc:oup:ajagec:v:54:y:1972:i:2:p:245-248.
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    Cited by:

    1. Tomek, William G. & Robinson, Kenneth L., 1977. "PART V. Agricultural Price Analysis and Outlook," AAEA Monographs, Agricultural and Applied Economics Association, number 337217, january.
    2. Martinez, Stephen & Norton, George W., 1986. "Evaluating Privately Funded Public Research: An Example With Poultry And Eggs," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 18(1), pages 129-140, July.
    3. Harris, A.Brooks, 1994. "What does Landau theory tell us about the orientational state of fullerenes?," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 205(1), pages 154-182.
    4. Sprik, M. & Nijman, A.J. & Trappeniers, N.J., 1979. "The thermodynamics of discontinuous orientational phase transitions in quantum crystals," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 98(1), pages 231-244.
    5. Kuehn, John P., 1979. "Validating Predicting Equations: The Supply Of Feeder Calves In West Virginia," Journal of the Northeastern Agricultural Economics Council, Northeastern Agricultural and Resource Economics Association, vol. 8(1), pages 1-5, April.
    6. Sprik, M. & Hijmans, T. & Trappeniers, N.J., 1981. "The ordering phase transitions in solid methane and the cerium monochalcogenides compared. A test of universality," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 109(1), pages 339-346.

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