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. 2012. "The Alpaca Bubble Revisited." ARE Update 15(5): 9-11. University of California Giannini Foundation of Agricultural Economics.