Evaluation of alternative market organizations in a simulated livestock-meat economy

dc.contributor.author Maki, Wilbur
dc.contributor.author Crom, Richard
dc.contributor.department Extension and Experiment Station Publications
dc.date 2018-02-18T14:10:03.000
dc.date.accessioned 2020-06-30T06:59:42Z
dc.date.available 2020-06-30T06:59:42Z
dc.date.embargo 2017-06-21
dc.date.issued 2017-06-21
dc.description.abstract <p>The economic effects of alternative forms of market organization can be studied by direct observation or by experimenting with a simulated economy. The experimental approach in the study of market behavior is a relatively new but important technique for the analysis of many policy issues in American agriculture.</p> <p>Experimenting on a simulated system is not an analytical approach confined to academic issues; it has its counterpart, for example, in the engineering fields. Major engineering installations often are based on studies involving the use of models in simulated situations; the experimental results provide a basis for more accurately anticipating the actual performance of a dam, a bridge or a vehicle under different conditions. Similarly, simulation in economic research involves model building and manipulation that makes possible. the telescoping of years of actual experience into a matter of minutes and a few dollars worth of computer time.</p>
dc.identifier archive/lib.dr.iastate.edu/researchbulletin/vol35/iss541/1/
dc.identifier.articleid 1556
dc.identifier.contextkey 10333392
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath researchbulletin/vol35/iss541/1
dc.identifier.uri https://dr.lib.iastate.edu/handle/20.500.12876/62880
dc.source.bitstream archive/lib.dr.iastate.edu/researchbulletin/vol35/iss541/1/Agricultural_Research_Bulletin_v035_b541.pdf|||Fri Jan 14 17:41:03 UTC 2022
dc.subject.disciplines Agriculture
dc.subject.disciplines Economics
dc.subject.disciplines Sociology
dc.title Evaluation of alternative market organizations in a simulated livestock-meat economy
dc.type article
dc.type.genre article
dspace.entity.type Publication
relation.isJournalIssueOfPublication 9b1438f6-08cc-418b-9d08-fbb24d303927
relation.isOrgUnitOfPublication 302bd0e8-f82f-406a-88b5-c8f956b5f77b
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