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The response of the supply of agricultural products to price and other factors: including a consideration of distribution lags


, : The response of the supply of agricultural products to price and other factors: including a consideration of distribution lags. Farm Economist. Oxford, 10: 1, 1-28

This study applies to U.K. data the methods developed by Marc Nerlove which estimate simultaneously the long-run effect of price on production and the rate of adjustment towards this long-run effect. Data are chosen mainly from the available time series from 1925 onward. Analysis is directed towards acreages and livestock numbers rather than production and output.

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