Dollars and Jens
Monday, January 05, 2004
 
mad cow II
I asked how mad cow benefits beef restaurants; it seems the idea is that foreign demand is driven down much more than domestic demand. The restaurants are between domestic consumers and U.S. beef, but not so much between foreign consumers and U.S. beef, so they benefit from the substitution of American consumers for foreign ones.

- posted by dWj @ 5:48 PM

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