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Price Determination and Dynamic Adjustments: An Inverse Demand System Approach to Meat Products in the United States

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  • Kesavan, T
  • Buhr, Brian

Abstract

In this study the process of retail meat price determination is depicted in the form of an inverse demand system taking into consideration the dynamic adjustments present in monthly consumption data. The general dynamic framework identifies both long-run and short-run effects in a systematic manner and allows direct estimation of the long-run price and scale flexibilities that are consistent with theory. The empirical application based on monthly U.S. meat products data provides reasonable and promising results.

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Bibliographic Info

Article provided by Springer in its journal Empirical Economics.

Volume (Year): 20 (1995)
Issue (Month): 4 ()
Pages: 681-98

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Handle: RePEc:spr:empeco:v:20:y:1995:i:4:p:681-98

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Cited by:
  1. Fousekis, Panos & Revell, Brian J., 2000. "Meat Demand In The Uk: A Differential Approach," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 32(01), April.
  2. Karagiannis, G. & Katranidis, S. & Velentzas, K., 2000. "An error correction almost ideal demand system for meat in Greece," Agricultural Economics, Blackwell, vol. 22(1), pages 29-35, January.
  3. Ji, Wen, 2000. "Changing Seasonal Patterns In The Poultry Market," 2000 Annual meeting, July 30-August 2, Tampa, FL 21860, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  4. Sooriyakumar Krishnapillai, 2012. "Impact of NAFTA on the Preference for Meat Consumption in USA: An Inverse Demand System Approach," International Journal of Economics and Financial Issues, Econjournals, vol. 2(1), pages 79-84.
  5. Karagiannis, G. & Katranidis, S. & Velentzas, K., 2000. "An error correction almost ideal demand system for meat in Greece," Agricultural Economics: The Journal of the International Association of Agricultural Economists, International Association of Agricultural Economists, vol. 22(1), January.
  6. Anders, Sven & Moeser, Anke, 2008. "Using Retail Scanner Data to Assess the Demand for Value-based Ground Meat Products in Canada," 2008 International Congress, August 26-29, 2008, Ghent, Belgium 44154, European Association of Agricultural Economists.
  7. Antonovitz, Frances & Buhr, Brian L. & Liu, Donald J., 1996. "Vertical Integration Incentives In Meat Product Markets," Staff Papers 13989, University of Minnesota, Department of Applied Economics.

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