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A Review Of The Arts Of Estimating Price‐Responsiveness Of Feed Demand In The European Union

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  • Ludo Peeters
  • Yves Surry

Abstract

This paper reviews the ‘state of the art’ of estimating price‐responsiveness of the demand for feed ingredients in the European Union (EU). After a brief description of the main characteristics of the EU feed market, several modelling approaches are discussed. These have been categorised into three broad groups: (i) synthetic approaches; (ii) linear programming (LP) approaches; (iii) econometric approaches. Also, some recent extensions of the ‘traditional’ econometric approach are briefly reviewed, such as the construction of feed demand balances using incomplete information and the measurement of price‐induced technical change. Finally, a number of methodological and practical issues are raised.

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  • Ludo Peeters & Yves Surry, 1997. "A Review Of The Arts Of Estimating Price‐Responsiveness Of Feed Demand In The European Union," Journal of Agricultural Economics, Wiley Blackwell, vol. 48(1‐3), pages 379-392, January.
    • Handle: RePEc:bla:jageco:v:48:y:1997:i:1-3:p:379-392
    DOI: 10.1111/j.1477-9552.1997.tb01160.x
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    References listed on IDEAS

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    2. Hertel, Thomas W. & Keeney, Roman & Valenzuela, Ernesto, 2004. "Global Analysis Of Agricultural Trade Liberalization: Assessing Model Validity," 2004 Annual meeting, August 1-4, Denver, CO 20199, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Mario Holzner, 2004. "GSIM Measurement of the Costs of Protection in Southeast Europe," wiiw Balkan Observatory Working Papers 55, The Vienna Institute for International Economic Studies, wiiw.
    4. Wachenheim, Cheryl J. & Novak, Patrick J. & DeVuyst, Eric A. & Lambert, David K., 2001. "Demand Estimation For Agricultural Processing Co-Products," Agribusiness & Applied Economics Report 23488, North Dakota State University, Department of Agribusiness and Applied Economics.
    5. Friedrich Schneider & Klaus Salhofer & Erwin Schmid & Gerhard Streicher, 2001. "Was the Austrian agricultural policy least cost efficient?," Economics working papers 2001-03, Department of Economics, Johannes Kepler University Linz, Austria.
    6. Ma, Hengyun & Rae, Allan N. & Huang, Jikun, 2004. "Livestock Productivity In China: Data Revision And Total Factor Productivity Decomposition," China Agriculture Project Working Papers 23691, Massey University, Centre for Applied Economics and Policy Studies.

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