pork cycle

Together with G.C. Haas, he helped describe the pork cycle.

In economics, the term pork cycle, hog cycle, or cattle cycle describes the phenomenon of cyclical fluctuations of supply and prices in livestock markets.

The cobweb model has been interpreted as an explanation of fluctuations in various livestock markets, like those documented by Arthur Hanau in German hog markets; see Pork cycle.

Imaginary parts of the complex number s describe the oscillating behaviour (compare with the pork cycle and phase shift between commodity price and supply offer) whereas real parts are responsible for representing the effect of compound interest (compare with damping).