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A dynamic analysis of the size distribution of firms: The case of the US dairy industry

Author

Listed:
  • Jean-Paul Chavas

    (Agricultural Economics Department, University of Wisconsin-Madison)

  • Gilbert Magand

    (Agricultural Economics Department, University of Wisconsin-Madison)

Abstract

This article develops a time-varying Markov process of the aggregate size distribution of firms in an industry. This is used to specify and estimate an econometric model of the regional evolution of the number and size of US dairy farms. The empirical results provide evidence concerning the effects of milk price and feed cost on the structure of dairy production in selected regions.

Suggested Citation

  • Jean-Paul Chavas & Gilbert Magand, 1988. "A dynamic analysis of the size distribution of firms: The case of the US dairy industry," Agribusiness, John Wiley & Sons, Ltd., vol. 4(4), pages 315-329.
    • Handle: RePEc:wly:agribz:v:4:y:1988:i:4:p:315-329
    DOI: 10.1002/1520-6297(198807)4:4<315::AID-AGR2720040403>3.0.CO;2-2
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    References listed on IDEAS

    as
    1. Robert E. Lucas Jr., 1978. "On the Size Distribution of Business Firms," Bell Journal of Economics, The RAND Corporation, vol. 9(2), pages 508-523, Autumn.
    2. Daniel I. Padberg, 1962. "The Use of Markov Processes in Measuring Changes in Market Structure," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 44(1), pages 189-199.
    3. Edwards, Clark & Smith, Matthew G. & Peterson, R. Neal, 1985. "The Changing Distribution of Farms by Size: A Markov Analysis," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 37(4), pages 1-16.
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    Cited by:

    1. Jongeneel, Roelof A. & Longworth, Natasha & Huettel, Silke, 2005. "Dairy Farm Size Distribution in East and West: Evolution and Sensitivity to Structural and Policy Variables: Case-Studies of the Netherlands, Germany, Poland and Hungary," 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark 24772, European Association of Agricultural Economists.
    2. Ayal Kimhi & Nitzan Tzur-Ilan, 2021. "Structural Changes in Israeli Family Farms: Long-Run Trends in the Farm Size Distribution and the Role of Part-Time Farming," Agriculture, MDPI, vol. 11(6), pages 1-15, June.
    3. Alexander Gocht & Norbert Röder & Sebastian Neuenfeldt & Hugo Storm & Thomas Heckelei, 2012. "Modelling farm structural change: A feasibility study for ex-post modelling utilizing FADN and FSS data in Germany and developing an ex-ante forecast module for the CAPRI farm type layer baseline," JRC Research Reports JRC75524, Joint Research Centre.
    4. Saint-Cyr, Legrand D. F., 2017. "Farm heterogeneity and agricultural policy impacts on size dynamics: evidence from France," Working Papers 258013, Institut National de la recherche Agronomique (INRA), Departement Sciences Sociales, Agriculture et Alimentation, Espace et Environnement (SAE2).
    5. Kimhi, Ayal & Tzur, Nitzan, 2011. "Long-Run Trends in the Farm Size Distribution in Israel: The Role of Part-Time Farming," Discussion Papers 99217, Hebrew University of Jerusalem, Department of Agricultural Economics and Management.
    6. Jongeneel, Roelof A., 2002. "An Analysis of the Impact of Alternative EU Dairy Policies on the Size Distribution of Dutch Dairy Farms: an Information Based Approach to the Non-Stationary Markov Chain Model," 2002 International Congress, August 28-31, 2002, Zaragoza, Spain 24892, European Association of Agricultural Economists.

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