This study examines the competitiveness of four Canadian agricultural industries (eggs, milk, chicken and turkey) using a general equilibrium farm to retail pricing model developed by Wohlgenant (1989). The model generates retail and farm pricing equations that are estimated using maximum...

When elementary prices move strictly proportionately, aggregation over a group of diverse products is valid, and group demand responses can be decomposed into quality and quantity responses. This study shows that when relative elementary prices and group prices are stochastically independent, a...

Price and income elasticities of fat from meats are estimated by decomposing composite demand for meat into the produ ct of total calories, the fraction of calories eat as fat, and a residual measure of quality. This demand-characteristic system provides estimates of the impact of prices and...

Two aggregation schemes for food demand systems are tested for consistency with the Generalized Composite Commodity Theorem (GCCT). One scheme is based on the standard CES classification of food expenditures. The second scheme is based on the Food Guide Pyramid. Evidence is found that both...

This study examines the Canadian Dairy Commission’s marketing of butterfat. Previous studies have concentrated on the evaluation of butterfat by using total kilograms of milk. Measuring milk as kilograms is based the assumption of fixed proportions between kilograms of milk and kilograms of...

In this study, moving average price stabilization schemes were analyzed under the assumption of rational expectations. It was shown that moving average price schemes may induce cyclical behavior into market prices where no cyclical pattern previously existed. Moving average price stabilization...