Based on data from 92 Minnesota cities, the analyses shows that neither marginal price or average price appear as the better predictor of demand. The price elasticity of demand ranges from -. 17 for marginal price in the linear model to -.27 for average price in the log linear model. It appears...

This study estimates monthly consumer demand equations for fifteen major commodities based on data for 1947-1972. The equations are estimated within the framework of the Nerlove partial adjustment model. By extrapolating from retail sales data, it was possible to generate the consumer...

The growing season weather in the corn, wheat and soybean production areas of the United States is an important determinant of the U.S. supply of these commodities. The weather and climatology literature strongly suggest that during the summer months there is a degree of persistence in the North...