This study instructs an artificial price competition market to examine the impact of capacity constraints on the behavior of packers. Results show when there are cattle left for the lowest bidder after all other packers finishing their procurement, the capacity constraints make the price lower...

Producers can make their market timing decisions either based on fundamental or technical analysis to reach specific financial target. A generalized mixture model is used to discriminate producers into more than one segment according to their marketing strategies. The heterogeneous selling...

The study develops a Muth-type equilibrium displacement model that is able to estimate impacts of COOL on multistage beef production system and its trade relations. The model includes equilibrium conditions of each production stage with consideration of trade and market structure. A unique...

Iterated function system (IFS) models have been explored to represent discrete sequences where the attractor of an IFS is self-affine either in R2 or R3 (R is the set of real numbers). In this paper, the self-affine IFS model is extended from R3 to Rn (n is an integer and greater than 3), which...

Previous theoretical work has compared a private-value auction and posted-price market, and an affiliated-value auction and a posted-price market to determine the selling method preferred by sellers. Much less, however, is known about the seller’s preferred selling method when the buyers have...

In this work, a new fully discrete stabilized finite element method is studied for the two-dimensional transient Stokes equations. This method is to use the difference between a consistent mass matrix and underintegrated mass matrix as the complement for the pressure. The spatial discretization...

Iterated Function System (IFS) models have been used to represent discrete sequences where the attractor of the IFS is piece-wise self-affine in R2 or R3 (R is the set of real numbers). In this paper, the piece-wise self-affine IFS model is extended from R3 to Rn (n is an integer greater than...

The study examines the impacts of implementing mandatory country of origin labeling (COOL) on producer and consumer welfare in the U.S. meat industry. The equilibrium displacement model developed in this study includes twenty-nine equations representing retail-, processing-, and farm-level...