Complements and Meat Demand in the U.S
AbstractIn this study we estimated the price elasticities among meats, vegetables, grains, and potatoes and the impact that different levels of income have on the demand for these commodities. The 2005 Nielsen retail home scan data were used to construct a censored demand system of 14 equations. Results revealed that the uncompensated cross-price elasticities for both low and high-incomes suggest both substitution and complement relationships, while the compensated price elasticities are dominated primarily by substitution relationships. Our findings also revealed that expenditure elasticities among both low and high-income households differ for most commodities.
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Bibliographic InfoPaper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida with number 6406.
Date of creation: 2008
Date of revision:
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More information through EDIRC
censored dependent variables; meats; poultry; fish; vegetables; sample selection model; two-step estimation; Demand and Price Analysis; Livestock Production/Industries; C25; D12; Q11;
Find related papers by JEL classification:
- C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
- D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
- Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-11-18 (All new papers)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Wyatt Thompson, 2004. "Using Elasticities from an Almost Ideal Demand System? Watch Out for Group Expenditure!," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 86(4), pages 1108-1116.
- Weninger, Quinn & Just, Richard E., 1997.
"Economic Evaluation of the Farmers' Market Nutrition Program,"
Staff General Research Papers
5066, Iowa State University, Department of Economics.
- Richard E. Just & Quinn Weninger, 1997. "Economic Evaluation of the Farmers' Market Nutrition Program," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(3), pages 902-917.
- Greenway, Gina A. & Guenthner, Joseph F. & Makus, Larry D. & Pavek, Mark J., 2010. "Fresh Potato and Meat Preferences by U.S. Region," Journal of Food Distribution Research, Food Distribution Research Society, vol. 41(2), July.
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