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Price Sensitivities for U.S. Frozen Dairy Products

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  • Maynard, Leigh J.
  • Veeramani, Venkat N.

Abstract

Price elasticities and flexibilities for frozen dessert products were estimated from weekly scanner data, with emphasis on functional form selection, system misspecification testing, and endogeneity testing. Reciprocals of elasticities and elasticity matrix inversion were invalid means of obtaining flexibility estimates, leaving direct estimation as the only viable, albeit resource-intensive, approach.

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File URL: http://purl.umn.edu/43194
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Bibliographic Info

Article provided by Southern Agricultural Economics Association in its journal Journal of Agricultural and Applied Economics.

Volume (Year): 35 (2003)
Issue (Month): 03 (December)
Pages:

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Handle: RePEc:ags:joaaec:43194

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Web page: http://www.saea.org/jaae/jaae.htm
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Related research

Keywords: dairy; demand; price elasticities; price flexibilities; C32; C52; D11; D12; Q11;

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References

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  1. Brown, Mark G & Lee, Jonq-Ying & Seale, James L, Jr, 1995. "A Family of Inverse Demand Systems and Choice of Functional Form," Empirical Economics, Springer, vol. 20(3), pages 519-30.
  2. Kuo S. Huang, 1996. "A Further Look at Flexibilities and Elasticities: Reply," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 78(4), pages 1130-1131.
  3. Richard J. Sexton, 2000. "Industrialization and Consolidation in the U.S. Food Sector: Implications for Competition and Welfare," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 82(5), pages 1087-1104.
  4. Schroeter, John R., 1988. "Estimating the Degree of Market Power in the Beef Packing Industry," Staff General Research Papers 11114, Iowa State University, Department of Economics.
  5. James Eales, 1996. "A Further Look at Flexibilities and Elasticities: Comment," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 78(4), pages 1125-1129.
  6. Brown, Mark G. & Lee, Jonq-Ying & Seale, James L., Jr., 1994. "Demand Relationships Among Juice Beverages: A Differential Demand System Approach," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 26(02), December.
  7. Maynard, Leigh J. & Liu, Deyu, 1999. "Fragility In Dairy Product Demand Analysis," 1999 Annual meeting, August 8-11, Nashville, TN 21679, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  8. Brown, Mark G. & Behr, Robert M. & Lee, Jonq-Ying, 1994. "Conditional Demand And Endogeneity? A Case Study Of Demand For Juice Products," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 19(01), July.
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Cited by:
  1. Yeboah, Godfred & Maynard, Leigh J., 2004. "The Impact Of Bse, Fmd, And U.S. Export Promotion Expenditures On Japanese Meat Demand," 2004 Annual meeting, August 1-4, Denver, CO 19978, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  2. Capps, Oral Jr & Hanselman, Robin D., 2012. "A Pilot Study of the Market for Energy Drinks," Journal of Food Distribution Research, Food Distribution Research Society, vol. 43(3), November.
  3. Maynard, Leigh J. & Saghaian, Sayed H. & Nickoloff, Megan, 2008. "Buyer and Seller Responses to an Adverse Food Safety Event: The Case of Frozen Salmon in Alberta," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association (IAMA), vol. 11(1).
  4. Davis, Chris & Blayney, Don & Yen, Steven & Cooper, Joseph C., 2009. "An analysis of at-home demand for ice cream in the United States," MPRA Paper 24782, University Library of Munich, Germany.
  5. Widenhorn, Andreas & Salhofer, Klaus, 2012. "Price sensitivity within and across retail formats," Congress Papers 124108, Italian Association of Agricultural and Applied Economics (AIEAA).
  6. Yuan, Yan & Capps, Oral, Jr. & Nayga, Rodolfo M., Jr., 2009. "Assessing the Demand for a Functional Food Product: Is There Cannibalization in the Orange Juice Category?," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 38(2), October.

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