Demand System Analysis of the South Korean Beef Market with the Free Trade Demand Model

In this study a demand system analysis for beef in South Korea is constructed. A free trade demand system was used in which the economic welfare of market participants are maximized. Recognizing implicit discrimination about non-locally sourced beef products, this study deduces market demand equations with respect to consumer preference in order to identify the marginal effect of change consumer preference has on market demand.

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Year of publication:	2008
Authors:	Lee, Young-Jae ; Kennedy, P. Lynn
Institutions:	Southern Agricultural Economics Association - SAEA
Subject:	Demand and Price Analysis \| International Relations/Trade \| Research Methods/ Statistical Methods

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Extent:	application/pdf
Series:	2008 Annual Meeting, February 2-6, 2008, Dallas, Texas.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas Number 6825
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005536595