"The Alpaca Bubble Revisited."
Saitone, Tina L. and Richard J. Sexton.
We revisit the U.S. alpaca industry six years after having conducted a study suggesting the industry was in the midst of an unsustainable speculative bubble. We show that in the aftermath the bubble has largely burst. We also offer some lessons intended to prevent the recurrence of such bubbles in agriculture.
Speculation, alpaca sales
Saitone, Tina L. and Richard J. Sexton. "The Alpaca Bubble Revisited." Agricultural and Resource Economics Update 15(5)(2012):9-11.