Online Content

1. Davidsen, Pal I. with Leif Jarle Asheim, "A System Dynamics Approach to the Structure and the Economy of Fur Farming and Trade"

Type:
Document
Date Created:
1990
Collection:
System Dynamic Society Records
Collecting Area:
University Archives
Collection ID:
ua435
Parent Record(s):
23d738ba88f8333bc39725f9cb5bd0b8, e3ebd4855fa658877b17f518e29a6ac9, and 386b7d5fcd17a644199db727913a7a7a
Thumbnail Path Ss:
/downloads/w9505j32g?file=thumbnail
System Modified Dtsi:
2020-01-02T18:44:13Z
Description:
The purpose of this paper is to explain the expansion and the contraction of the Norwegian mink supply in an expanding market, as a consequence of the mink pelt price and the mink farming costs. Significant variations in price, and time lags between capacity adjustments, breeding decisions and the fur sales, makes fur farming speculative, and only a small fraction of farmers generate their main income from such farming.Moreover, we estimate, using a Bayesian approach, the farmers’ loan fraction, their response to profitability and a few delays in economic perception and capacity adjustments. This model is the first one in a series under development, portraying the national and the international fur production and market. In addition to reflecting the Norwegian mink production, this model may be considered generic for international fur production. An international demand model is under development.Finally, empirical evidence indicates the relevance of our model to the current development in the Danish mink farming and to the Norwegian fox farming.