This study examines the time-varying Japanese price reactions to the 2001 Bovine Spongiform Encephalopathy (BSE) discovery, the 2000 outbreak of foot and mouth disease (FMD), and the 1996 E. coli food po isoning events. Historical decomposition of retail-level price-series aids in explaining the...

In this article, we apply a model of vertical product differentiation to the Japanese beef market. We theoretically derive a system of consumer demand functions for quality-differentiated beef in Japan. We choose a particular utility function which is nonlinear in the consumption of the...

In this article, we apply a model of vertical product differentiation to the Japanese beef market. We theoretically derive a system of consumer demand functions for quality-differentiated beef in Japan. We choose a particular utility function which is nonlinear in the consumption of the...

A residual demand model for beef exports to Japan is specified and estimated. The objective is to estimate the extent of market power. It is assumed that each exporting country faces a downward-sloping residual demand curve, which reflects the market demand minus the supplies of competitors, and...