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Abstract
This paper hypothesizes that while there are important qualitative differences in domestic beef and imported beef, beef and cattle imports
also represent attempts by the US beef processing and wholesale sector to adjust to short-run changes in supply and demand. Dynamic
production theory is applied to the problem to test for this adjustment process, and presents a production theory approach to meat trade that
has previously been included in demand functions. The results of this analysis suggest that the method used provides a reasonable and
appropriate representation of the import behavior of the US processing and wholesale beef sector. © 1997 Elsevier Science B.V.