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The primary purpose of this paper is to provide updated estimates of domestic own-price, cross-price and income elasticities of demand and estimated price elasticities of supply for various California commodities. Flexible functional forms including the Box-Cox specification and the nonlinear...
Persistent link: https://www.econbiz.de/10005513644
Two different methods of incorporating advertising effects into Almost Ideal Demand Systems (AIDS) are presented. Both advertising schemes are designed to allow theoretical restrictions to hold globally rather than at particular sample points. The models are estimated for California figs,...
Persistent link: https://www.econbiz.de/10005480883
A dynamic econometric model relating wholesale meat prices to retail prices and wholesale meat demand is estimated using monthly data on U.S. prices and quantities of beef, pork, and chicken. The hypothesis that meat retailing costs are separable is rejected; that is, the data support joint costs...
Persistent link: https://www.econbiz.de/10005484280
This study analyzes U.S. consumer budget allocations among 11 aggregate commodity groups for the period 1948-78. Also budget allocations among four food groups are analyzed for this same period. Several alternative model specifications are analyzed. Emphasis is given to the Deaton-Muellbauer...
Persistent link: https://www.econbiz.de/10005801735