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Price Elasticities from Panel Data: Meat, Poultry, and Fish

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  • Joseph C. Purcell
  • Robert Raunikar

Abstract

National aggregate time series data are not amenable to tracing the consumer response to price changes as these changes occur in the market. This paper is designed to stimulate interest in the development of alternative sources of data and modification in estimating procedures to more nearly approach reality in estimating price-quantity relationships. The analysis was based on data obtained from a group of consuming units on quantities of meats purchased and prices paid. The procedure was designed to trace the consumer response to price changes approximately as they occurred over time.

Suggested Citation

  • Joseph C. Purcell & Robert Raunikar, 1971. "Price Elasticities from Panel Data: Meat, Poultry, and Fish," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 53(2), pages 216-221.
    • Handle: RePEc:oup:ajagec:v:53:y:1971:i:2:p:216-221.
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    File URL: http://hdl.handle.net/10.2307/1237434
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    Cited by:

    1. Parvin, David W., Jr., 1972. "Hog Price Flexibilities As Related To Cycle Phases," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 4(1), pages 1-4, July.
    2. Basiotis, P. Peter, 1987. "ANALYSIS OF SELF-REPORTED HOUSEHOLD FOOD SUFFICIENCY STATUS USING USDA's 1977-78 NATIONWIDE FOOD CONSUMPTION SURVEY DATA," 1987 Annual Meeting, August 2-5, East Lansing, Michigan 269925, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Boehm, William T., 1975. "The Household Demand For Major Dairy Products In The Southern Region," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 7(2), pages 1-10, December.
    4. Tomek, William G. & Robinson, Kenneth L., 1977. "PART V. Agricultural Price Analysis and Outlook," AAEA Monographs, Agricultural and Applied Economics Association, number 337217, january.
    5. Buse, Rueben C., 1990. "Data Sources for Demand Estimation: Types and Features," Staff Papers 200529, University of Wisconsin-Madison, Department of Agricultural and Applied Economics.

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