Michal Malý

Partial equilibrium model – Pork

The paper is focused on design, specification and quantification a model of partial equilibrium in the pork meat vertical in the Czech Republic. Characterized within the analyzed relations in the commodity vertical will be demand-offer relationships on partial levels of the commodity chain on the basis of which the functional relations of the simultaneous model of the above-mentioned market will subsequently be specified. The quantified model enables the definition and description of the main determinants of the pork offer and demand. The data used was acquired from the Situation and forecast reports (MA CR), from the Annual reports on the state of agriculture (IAEI) and from the public statistics (CSO), for the period from 1995-2011. With regard to respecting the simultaneous relations, the model estimate was carried out by means of the two-level method of least squares with subsequent statistic- econometrical verification. The acquired model shows sufficient robustness for market analyses and possible simulation calculations.