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EconPapers FAQ Archive maintainers FAQ Cookies at EconPapers Format for printing The RePEc blog The RePEc plagiarism page Walrasian and Marshallian stability: An application to the Australian pig industryTim Purcell, Rodney Beard and Stuart McDonald (Obfuscate( '', 'stuartmcdonald68' ))No 124531, 1999 Conference (43th), January 20-22, 1999, Christchurch, New Zealand from Australian Agricultural and Resource Economics SocietyAbstract:The Global Correspondence Principle of Samuelson states that global comparative static results hold even in the absence of an initial stable equilibrium. This principle has been applied in recent studies of international trade with variable returns to scale to resolve paradoxical results with respect to the Rybczynski and Stolper-Samuelson theorems. Takayama and Ide have shown that the principle may only applies if the initial equilibrium is Marshallian stable. This has implications for econometric forecasting, in that forecasts of prices and quantities may only be valid in the presence of Marshallian stability. We estimate a Vector Error Correction Model of the Australian pig industry and examine the stability of the model in both the Walrasian and Marshallian sense. We find that prior to the introduction of imports in 1990 the farm gate market was characterised by both Walrasian and Marshallian stability and after 1990 it was unstable in both senses. This suggests that market forecasts since 1990 need to be viewed with more than the usual caution.Keywords: Livestock; Production/Industries (search for similar items in EconPapers)Pages: 26Date: 1999-01-19References: Add references at CitEc Citations: View citations in EconPapers (1) Track citations by RSS feedDownloads: (external link) (application/pdf)Related works:This item may be available elsewhere in EconPapers: Search for items with the same title.Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/TextPersistent link: :ags:aare99:124531DOI: 10.22004/ag.econ.124531Access Statistics for this paperMore papers in 1999 Conference (43th), January 20-22, 1999, Christchurch, New Zealand from Australian Agricultural and Resource Economics Society Contact information at EDIRC.Bibliographic data for series maintained by AgEcon Search (Obfuscate( '', 'aesearch' )). var addthis_config = "data_track_clickback":true; var addthis_share = url:" :ags:aare99:124531"Share This site is part of RePEc and all the data displayed here is part of the RePEc data set. Is your work missing from RePEc Here is how to contribute. Questions or problems Check the EconPapers FAQ or send mail to Obfuscate( '', 'econpapers' ). EconPapers is hosted by the Örebro University School of Business.

New York: Brooklyn Museum Press, 1926. Softcover. BW illustrated paper covers. (48 unnumbered pages), 8 bw plates. VG a superb example, with one tiny corner missing from the upper left where the cover wraps around the spine. Item #124531 Published in conjunction with an exhibition held from November 19, 1926 to January 1, 1927 at the Brooklyn Museum. Introduction by W.H.F. Followed by a two-page (untitled) explanation by Katherine S. Dreier, as President of the Societe Anonyme. The catalogue is arranged by Country, then alphabetical by Artist. Printed on watermarked REGAL ANTIQUE paper (text, not illustrations). Lists 307 works by 107 artists from 23 countries. Some of the Artists whose works are included would be Alfred Stieglitz, Georgia O'Keeffe, Johannes Itten, Juan Gris, Pablo Picasso, Alexander Archipenko, Wassily Kandinsky, Brancusi, Joan Miro, Piet Mondrian, Edwin Dickinson and many others; This was the largest exhibition of Modern Art since the 1913 Armory Show, and it traveled to three other venues after its appearance in Brooklyn. It represents a watershed exhibition in the history of Modern Art, and is very well-documented by many writers. Includes to oft-missing insert of "Pictures catalogued but not hung for lack of space" (and) "List of pictures hung but not cataloged." This edition has a simple printed cover with text and no graphical elements. Works illustrated by Heinrich Campendonk, Gutfreund, Fernand Leger, Pevsner, Man Ray, Archipenko, John Marin, Suzanne Phocas. 59ce067264


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