CHOICE OF TECHNOLOGY: THE CASE OF GRASS FED VERSUS GRAIN FED CATTLE IN HAWAII

Abstract

A model describing the choice of technology is developed from theoretical considerations. It is shown that the model can be approximated using a logit function. Estimates of short-run elasticities are easily obtained. The model is then applied to the decision to place feeder cattle in confined feeding situations or on range. With one possible exception, the results are consistent with theoretical expectations and with previous studies.Livestock Production/Industries,