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Estimates of price and scale demand elasticities for lamb and mutton consumed in the United States are derived. The U.S. lamb and mutton consumption comprises primarily of domestic production, and imports from two countries-Australia and New Zealand. The Netherlands Central Bureau of Statistics...
Persistent link: https://www.econbiz.de/10009443403
We estimated a wholesale demand system for beef, pork, lamb, chicken, and turkey using quarterly U.S. data and a dynamic, CBS system (Keller and Van Driel). The CBS system is a differential system, which means that it might be more appropriately applied in those situations where the data have...
Persistent link: https://www.econbiz.de/10009443430
In this study we estimated the price elasticities among meats, vegetables, grains, and potatoes and the impact that different levels of income have on the demand for these commodities. The 2005 Nielsen retail home scan data were used to construct a censored demand system of 14 equations. Results...
Persistent link: https://www.econbiz.de/10005523006
We estimated a wholesale demand system for beef, pork, lamb, chicken, and turkey using quarterly U.S. data and a dynamic, CBS system (Keller and Van Driel). The CBS system is a differential system, which means that it might be more appropriately applied in those situations where the data have...
Persistent link: https://www.econbiz.de/10005525657
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
The IFAMR is published quarterly by the International Food and Agribusiness Management Association. For complete library visit: www.ifama.org
Persistent link: https://www.econbiz.de/10010909709
The stability of the US consumer demand for meat has been a popular topic for journal articles I show that econometric models imply that demand is fundamentally unstable. A good way to build taste instability into econometric demand equations is to specify them as random coefficient models. I...
Persistent link: https://www.econbiz.de/10010910517
Persistent link: https://www.econbiz.de/10010912456
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Economists often use aggregate time series data to estimate consumer demand functions. Some of the popular applied demand systems have a PIGLOG form. In the most general PIGLOG cases the “average” demand for a good is a function of the representative consumer expenditure not the average...
Persistent link: https://www.econbiz.de/10011070020