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A Random Coefficient Meat Demand Model

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  • Hahn, William F.

Abstract

The stability of the US consumer demand for meat has been a popular topic for journal articles I show that econometric models imply that demand is fundamentally unstable. A good way to build taste instability into econometric demand equations is to specify them as random coefficient models. I estimate a random coefficient model of meat demand and find significant evidence that taste instability has caused fluctuations in the elasticities of demand for beef, pork, chicken, and turkey.

Suggested Citation

  • Hahn, William F., 1994. "A Random Coefficient Meat Demand Model," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 45(3), pages 1-10.
    • Handle: RePEc:ags:uersja:137415
    DOI: 10.22004/ag.econ.137415
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    Citations

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    Cited by:

    1. Davis, George C., 2001. "Confirmation And Falsification Of Equilibrium Displacement Models," 2001 Annual meeting, August 5-8, Chicago, IL 20525, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Hahn, William F., 2001. "Maximum Likelihood Estimation Of A Random Coefficient Meat Demand System," 2001 Annual meeting, August 5-8, Chicago, IL 20573, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Olivia, Susan & Gibson, John, 2003. "Unit Value Biases in Meat Demand in Indonesia," 2003 Conference (47th), February 12-14, 2003, Fremantle, Australia 58195, Australian Agricultural and Resource Economics Society.
    4. Olivia, Susan & Gibson, John, 2005. "Unit Value Biases in Price Elasticities of Demand for Meat in Indonesia," Australasian Agribusiness Review, University of Melbourne, Department of Agriculture and Food Systems, vol. 13.
    5. Hsu, Jane Lu, 2000. "Gradual Switching Structural Changes of Meat Consumption in Taiwan," 2000 Conference (44th), January 23-25, 2000, Sydney, Australia 123663, Australian Agricultural and Resource Economics Society.

    More about this item

    Keywords

    Demand and Price Analysis;

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