Advanced Search
MyIDEAS: Login to save this article or follow this journal

Derived Demand Elasticities: Marketing Margin Methods Versus An Inverse Demand Model For Choice Beef

Contents:

Author Info

  • Marsh, John M.
Registered author(s):

    Abstract

    Three methods of calculating the derived elasticity of demand for Choice slaughter beef are used: (a) a traditional marketing margin approach, (b) a modified marketing margin approach, and (c) an econometric, inverse demand model approach. The first method is more restrictive than the second but both tend to overestimate beef price flexibility and revenue changes. The econometric model, though an incomplete demand system, yields demand elasticities that are more consistent with marketing flexibility but are less pronounced than estimates of a complete system. An example using a two-year revenue forecast compares slaughter revenue adjustments based on the first margin method with those based on structural demand models.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://purl.umn.edu/32607
    Download Restriction: no

    Bibliographic Info

    Article provided by Western Agricultural Economics Association in its journal Western Journal of Agricultural Economics.

    Volume (Year): 16 (1991)
    Issue (Month): 02 (December)
    Pages:

    as in new window
    Handle: RePEc:ags:wjagec:32607

    Contact details of provider:
    Web page: http://waeaonline.org/
    More information through EDIRC

    Related research

    Keywords: Demand and Price Analysis;

    References

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
    as in new window
    1. Randal R. Rucker & Oscar R. Burt & Jeffrey T. LaFrance, 1984. "An Econometric Model of Cattle Inventories," Development Research Unit Working Paper Series archive-25, Monash University, Department of Economics.
    2. Roberts, Roland K. & Martin, William J., 1985. "The Effects Of Alternative Beef Import Quota Regimes On The Beef Industries Of The Aggregate United States And Hawaii," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 10(02), December.
    3. Moschini, GianCarlo & Meilke, Karl D., 1984. "Parameter Stability And The U.S. Demand For Beef," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 9(02), December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as in new window

    Cited by:
    1. David Aadland & DeeVon Bailey & S. Feng, . "A theoretical and empirical investigation of the supply response in the U.S. beef-cattle industry," Working Papers 2000-12, Utah State University, Department of Economics.
    2. David Aadland, . "The economics of cattle supply," Working Papers 2000-11, Utah State University, Department of Economics.

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:ags:wjagec:32607. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.