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Joint Supply

What is a 'Joint Supply '

A joint supply is an economic term referring to a product or process that can yield two or more outputs. Common examples occur within the livestock industry: cows can be utilized for milk, beef and hide; sheep can be utilized for meat, wool and sheepskin. If the supply of cows increases, so will the supply of dairy and beef products.

Explaining 'Joint Supply '

Where joint supply exists, the supply and demand for each product is linked to the others originating from the same source. For example, if demand increases for wool, and sheep farmers therefore raise more animals for wool, there will eventually be increased sheep meat production, resulting in greater meat supply and potentially lower prices.


Further Reading


Joint supply and the finance of charitable activity
journals.sagepub.com [PDF]
… JOINT SUPPLY AND THE FINANCE … Earlier drafts were written while Sandler was a visitor to the Department of Economics and Related Studies at the University of York, and while Posnett was a visitor to the Department of Economics at the … PUBLIC FINANCE QUARTERLY, Vol …

Joint supply chain risk management: An agency and collaboration perspectiveJoint supply chain risk management: An agency and collaboration perspective
www.sciencedirect.com [PDF]
… JOINT SUPPLY AND THE FINANCE … Earlier drafts were written while Sandler was a visitor to the Department of Economics and Related Studies at the University of York, and while Posnett was a visitor to the Department of Economics at the … PUBLIC FINANCE QUARTERLY, Vol …

Joint supply, externality and optimalityJoint supply, externality and optimality
www.jstor.org [PDF]
… JOINT SUPPLY AND THE FINANCE … Earlier drafts were written while Sandler was a visitor to the Department of Economics and Related Studies at the University of York, and while Posnett was a visitor to the Department of Economics at the … PUBLIC FINANCE QUARTERLY, Vol …

Contrast between welfare conditions for joint supply and for public goodsContrast between welfare conditions for joint supply and for public goods
www.jstor.org [PDF]
… JOINT SUPPLY AND THE FINANCE … Earlier drafts were written while Sandler was a visitor to the Department of Economics and Related Studies at the University of York, and while Posnett was a visitor to the Department of Economics at the … PUBLIC FINANCE QUARTERLY, Vol …

Joint supply and the development of economic theory: A historical perspectiveJoint supply and the development of economic theory: A historical perspective
muse.jhu.edu [PDF]
… JOINT SUPPLY AND THE FINANCE … Earlier drafts were written while Sandler was a visitor to the Department of Economics and Related Studies at the University of York, and while Posnett was a visitor to the Department of Economics at the … PUBLIC FINANCE QUARTERLY, Vol …

Joint supply, the Taussig-Pigou controversy, and the competitive provision of public goodsJoint supply, the Taussig-Pigou controversy, and the competitive provision of public goods
www.journals.uchicago.edu [PDF]
… JOINT SUPPLY AND THE FINANCE … Earlier drafts were written while Sandler was a visitor to the Department of Economics and Related Studies at the University of York, and while Posnett was a visitor to the Department of Economics at the … PUBLIC FINANCE QUARTERLY, Vol …

Joint supply—demand optimization in electricity supplyJoint supply—demand optimization in electricity supply
www.sciencedirect.com [PDF]
… JOINT SUPPLY AND THE FINANCE … Earlier drafts were written while Sandler was a visitor to the Department of Economics and Related Studies at the University of York, and while Posnett was a visitor to the Department of Economics at the … PUBLIC FINANCE QUARTERLY, Vol …

Electronic Commerce Platform-Joint Supply Chain Financing Mode: Bank Lending VS. Electronic Commercial Platform LendingElectronic Commerce Platform-Joint Supply Chain Financing Mode: Bank Lending VS. Electronic Commercial Platform Lending
en.cnki.com.cn [PDF]
… JOINT SUPPLY AND THE FINANCE … Earlier drafts were written while Sandler was a visitor to the Department of Economics and Related Studies at the University of York, and while Posnett was a visitor to the Department of Economics at the … PUBLIC FINANCE QUARTERLY, Vol …

A joint economic lot size model with financial collaboration and uncertain investment opportunityA joint economic lot size model with financial collaboration and uncertain investment opportunity
www.sciencedirect.com [PDF]
… JOINT SUPPLY AND THE FINANCE … Earlier drafts were written while Sandler was a visitor to the Department of Economics and Related Studies at the University of York, and while Posnett was a visitor to the Department of Economics at the … PUBLIC FINANCE QUARTERLY, Vol …

Climate treaties and" breakthrough" technologiesClimate treaties and" breakthrough" technologies
pubs.aeaweb.org [PDF]
… JOINT SUPPLY AND THE FINANCE … Earlier drafts were written while Sandler was a visitor to the Department of Economics and Related Studies at the University of York, and while Posnett was a visitor to the Department of Economics at the … PUBLIC FINANCE QUARTERLY, Vol …



Q&A About Joint Supply


What is joint supply?

Joint supply is an economic term referring to a product or process that can yield two or more outputs.

What are some common examples of joint supply?

Examples include the livestock industry where cows can be utilized for milk, beef and hide; sheep can be utilized for meat, wool and sheepskin.

How does demand affect joint supplies?

Demand affects both products originating from the same source. For example, if demand increases for wool, there will eventually be increased sheep meat production which results in greater meat supply and potentially lower prices.

If the supply of cows increases, so will the supply of dairy and beef products. Why?

Because they originate from the same source.

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