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Update cattle_cycles.md
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lectures/cattle_cycles.md

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@@ -51,7 +51,7 @@ from quantecon import DLE
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from math import sqrt
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```
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## The Model
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## The model
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The model features a static linear demand curve and a "time-to-grow"
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structure for cattle.
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where $\tilde d_t$ is a stochastic process with mean zero,
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representing a demand shifter.
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## Mapping into HS2013 Framework
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## Mapping into HS2013 framework
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### Preferences
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