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This paper contains short-run estimates of the impact of beef imports from Australia and elsewhere on U.S. retail meat prices. The U.S. beef demand is separated into two categories, table cuts and processed items. Estimates of direct and cross price elasticities of demand for these products are...
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Vector autoregression (VAR) methods are used to analyse the contribution of supply, demand and policy shocks to unpredictable fluctuations in the market for Australian wool. VAR procedures are compared with conventional structural econometric models as methods for decomposing sources of...
Persistent link: https://www.econbiz.de/10005493228
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The degree of pricing efficiency achieved in the retail meat market is reconsidered in this paper. The approach adopted is to develop an economic model of the pricing behaviour of retail butchers, to postulate a behavioural model consistent with the economic model, and to test this model using...
Persistent link: https://www.econbiz.de/10005493244
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The determination of the price paid to its suppliers and by its customers is a major task for some marketing authorities. The commodity arrives randomly at the authority's facility and is removed randomly by customers. Between arrival and departure, the commodity awaits processing, is processed...
Persistent link: https://www.econbiz.de/10005493257
A model of export supply response of the Australian citrus industry is developed and estimated using cointegration and error correction techniques and quarterly data for the period 1983 to 1993. The estimates suggest that, even in the long run, the supply of citrus exports is inelastic with...
Persistent link: https://www.econbiz.de/10005493269
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