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The Demand For Meat Products In The United States: An Empirical Analysis

Author

Listed:
  • Olowolayemo, Surajudeen O.
  • Martin, Neil R., Jr.
  • Raymond, Jennie E.

Abstract

Given the importance of meat consumption, and the proportion of consumers' income spent on meat, this study estimates the demand for eight meat categories using two different functional forms. An inverse almost ideal demand system (IAIDS), and linear double-log price dependent demand models are specified. In most cases, flexibilities obtained from both methods are comparable and show that the demand for meat products is price inflexible. In addition, there are regional as well as seasonal variations in the demand for meat products.

Suggested Citation

  • Olowolayemo, Surajudeen O. & Martin, Neil R., Jr. & Raymond, Jennie E., 1993. "The Demand For Meat Products In The United States: An Empirical Analysis," Journal of Food Distribution Research, Food Distribution Research Society, vol. 24(2), pages 1-10, September.
    • Handle: RePEc:ags:jlofdr:27572
    DOI: 10.22004/ag.econ.27572
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    References listed on IDEAS

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    1. Richard Green & Julian M. Alston, 1990. "Elasticities in AIDS Models," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 72(2), pages 442-445.
    2. Kuo S. Huang, 1990. "An Inverse Demand System for U.S. Composite Foods: Reply," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 72(1), pages 239-239.
    3. Deaton,Angus & Muellbauer,John, 1980. "Economics and Consumer Behavior," Cambridge Books, Cambridge University Press, number 9780521296762.
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    Cited by:

    1. Darko, Francis Addeah & Eales, James S., 2013. "Meat Demand in the US During and After the Great Recession," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 150146, Agricultural and Applied Economics Association.

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    Keywords

    Demand and Price Analysis;

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