Poultry MEAT vertical – A Partia l equilibrium model APPROACH

The main goal of the presented paper is to propose, specify, and quantify a model of partial equilibrium in the poultry 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 makes it possible to define and describe the main determinants of the poultry offer and demand. The data used were acquired from the Situation and Forecast Reports (2010) (Ministry of Agriculture of the Czech Republic), from the Annual Reports on the State of Agriculture (2010) (Institute of Agricultural Economics and Information), and from the public statistics (available at www.czso.cz) (Czech Statistical Office), for the period 1995–2011. With regard to respecting the simultaneous relationships, 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