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An application of the Market Share Approach to the demand for soyabean and rapeseed oil

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  • KARL D. MEILKE
  • G.R. GRIFFITH

Abstract

Summary Estimates of the demand for total edible vegetable oil and soyabean oil in the U.S., Canada, Japan and the European Community, and rapeseed oil in Canada, Japan and the European Community are presented. In order to overcome specification problems, which have often plagued efforts to estimate the demand for individual vegetable oils, a market share approach is proposed. The market share equations when combined with estimates of the demand for total edible vegetable oil imply that the demand for rapeseed oil is more elastic than the demand for soyabean oil in all regions and that the European Community has by far the most elastic demand for both rapeseed and soyabean oil.

Suggested Citation

  • Karl D. Meilke & G.R. Griffith, 1981. "An application of the Market Share Approach to the demand for soyabean and rapeseed oil," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 8(1), pages 85-97.
    • Handle: RePEc:oup:erevae:v:8:y:1981:i:1:p:85-97.
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    File URL: http://hdl.handle.net/10.1093/erae/8.1.85
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    Cited by:

    1. Thomas I. Wahl & Gary W. Williams & Dermot J. Hayes, 1989. "The 1988 Japanese Beef Market Access Agreement: A forecast simulation analysis," Agribusiness, John Wiley & Sons, Ltd., vol. 5(4), pages 347-360.
    2. Lin, Biing-Hwan & Herrmann, Mark, 1987. "An Economic Analysis Of Atlantic Salmon Markets," A.E. Research Series 305059, University of Idaho, Department of Agricultural Economics and Rural Sociology.
    3. Lin, Biing-Hwan & Mori, Hiroshi & Jones, James R. & Gorman, William D., 1988. "Effects Of Trade Liberalization On Market Shares And Imports In The Japanese Beef Market," 1988 Annual Meeting, August 1-3, Knoxville, Tennessee 270411, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    4. Wahl, Thomas I. & Williams, Gary W. & Hayes, Dermot J., 1988. "Japanese Beef Import Policy: Implications Of A Reduction In The Producer Subsidy Equivalent," 1988 Annual Meeting, August 1-3, Knoxville, Tennessee 270400, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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