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Using Elasticities from an Almost Ideal Demand System? Watch Out for Group Expenditure!

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  • Wyatt Thompson
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    Abstract

    Group expenditure has often been treated as exogenous when estimating demand parameters for a group of commodities with an almost ideal demand system. Researchers draw demand elasticities from past literature to use in their own analysis, but elasticities contingent on exogenous group expenditure may be inappropriate. Here, the approach is considered in the case of Japanese meat demand with a simple equation added to estimate group expenditures. The results show that elasticities should be revised and that a group expenditure equation is not a panacea as it may result in the violation of theoretical restrictions, such as symmetry. Copyright 2004, Oxford University Press.

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    File URL: http://hdl.handle.net/10.1111/j.0002-9092.2004.00656.x
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    Bibliographic Info

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

    Volume (Year): 86 (2004)
    Issue (Month): 4 ()
    Pages: 1108-1116

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    Handle: RePEc:oup:ajagec:v:86:y:2004:i:4:p:1108-1116

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    Cited by:
    1. Davis, Christopher G. & Stefanova, Stela & Hahn, William F. & Yen, Steven T., 2008. "Complements and Meat Demand in the U.S," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida 6406, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Manami Ogura, 2008. "The examination of the validity of the Divisia price index for the almost ideal demand system model: Some Monte Carlo results," Economics Bulletin, AccessEcon, vol. 3(14), pages 1-10.
    3. Lichtenberg, Erik & Strand, Ivar E., Jr., 2000. "Joint Adoption Of Multiple Technologies: A Dual, Latent Demand Approach," Working Papers 28566, University of Maryland, Department of Agricultural and Resource Economics.
    4. Oyinbo, O. & Omolehin, R. A. & Abdulsalam, Z., 2013. "Analysis of the Demand for Rice in Kaduna State, Nigeria," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 5(3), September.
    5. Ming-Feng Hsieh & Paul D. Mitchell & Kyle W. Stiegert, 2009. "Potato demand in an increasingly organic marketplace," Agribusiness, John Wiley & Sons, Ltd., vol. 25(3), pages 369-394.
    6. Pan, Suwen & Fang, Cheng & Sanogo, Issa & Mutuc, Maria Erlinda M., 2011. "Food Calorie Intake and Food Security under Grain Price Inflation: Evidence from Malawi," 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania 103266, Agricultural and Applied Economics Association.
    7. Hovhannisyan, Vardges & Bozic, Marin, 2013. "On Price Endogeneity in the Analysis of Food Demand in China," Staff Papers 159771, University of Minnesota, Department of Applied Economics.
    8. repec:ags:usao13:148045 is not listed on IDEAS
    9. Zheng, Yuqing & Kaiser, Harry M., 2008. "Advertising and U.S. Nonalcoholic Beverage Demand," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 37(2), October.
    10. Davis, Christopher G. & Blayney, Donald P. & Cooper, Joseph C. & Yen, Steven T., 2009. "An Analysis of Demand Elasticities for Fluid Milk Products in the U.S," 2009 Conference, August 16-22, 2009, Beijing, China 51791, International Association of Agricultural Economists.
    11. repec:ebl:ecbull:v:3:y:2008:i:14:p:1-10 is not listed on IDEAS
    12. Bakhshoodeh, M., 2010. "Impacts of world prices transmission to domestic rice markets in rural Iran," Food Policy, Elsevier, vol. 35(1), pages 12-19, February.

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