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Complete Flexibility Systems And The Stationarity Of U.S. Meat Demands

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  • Dahlgran, Roger A.

Abstract

A Rotterdam demand model is used to detect evidence of structural change in beef, pork, and chicken demands. The demand model is partially inverted prior to estimation to account for meat supply fixity. Estimation uses a likelihood maximization routine applied to 1950 through 1985 annual data. The results suggest severe disruption in the meat markets in the 1970s. A comparison of the 1980s and the 1960s elasticity structures reveals that income and cross-price elasticities are nearly the same but direct price elasticities are lower and are trending toward even more inelasticity. Implications for pricing and risk management are discussed.

Suggested Citation

  • Dahlgran, Roger A., 1987. "Complete Flexibility Systems And The Stationarity Of U.S. Meat Demands," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 12(02), December.
  • Handle: RePEc:ags:wjagec:32223
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    File URL: http://purl.umn.edu/32223
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    References listed on IDEAS

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    1. Haidacher, Richard C., 1983. "Assessing Structural Change in the Demand for Food Commodities," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 15(01), pages 31-37, July.
    2. Moschini, GianCarlo & Meilke, Karl D., 1984. "Parameter Stability And The U.S. Demand For Beef," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 9(02), December.
    3. Haidacher, Richard C., 1983. "Assessing Structural Change In The Demand For Food Commodities," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 15(01), July.
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    Citations

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    Cited by:

    1. X. M. Gao & Timothy Richards & Albert Kagan, 1997. "A latent variable model of consumer taste determination and taste change for complex carbohydrates," Applied Economics, Taylor & Francis Journals, vol. 29(12), pages 1643-1654.
    2. Matthew T. Holt & Joseph V. Balagtas, 2009. "Estimating Structural Change with Smooth Transition Regressions: An Application to Meat Demand," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 91(5), pages 1424-1431.
    3. Richards, Timothy J. & Kagan, Albert & Gao, Xiaoming, 1997. "Factors Influencing Changes In Potato And Potato Substitute Demand," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 26(1), April.
    4. Zhou, Xia “Vivianâ€, 3. "Using Almost Ideal Demand System To Analyze Demand For Shrimp In Us Food Market," International Journal of Food and Agricultural Economics (IJFAEC), Alanya Alaaddin Keykubat University, Department of Economics and Finance, vol. 3(3).
    5. Roger A. Dahlgran & Dean G. Fairchild, 2002. "The demand impacts of chicken contamination publicity-a case study," Agribusiness, John Wiley & Sons, Ltd., vol. 18(4), pages 459-474.
    6. 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.
    7. Rodriguez, Nestor & Eales, James S., 2015. "Structural Change via Threshold Effects: Estimating U.S. Meat Demand Using Smooth Transition Functions and the Effects of More Women in the Labor Force," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 206522, Agricultural and Applied Economics Association;Western Agricultural Economics Association.
    8. Eales, James & Veeman, Michele & Fulton, Joan, 1993. "Canadian Demand for Meats," Project Report Series 232377, University of Alberta, Department of Resource Economics and Environmental Sociology.
    9. Asche, Frank & Zhang, Dengjun, 2013. "Testing Structural Changes in the U.S. Whitefish Import Market: An Inverse Demand System Approach," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 42(3), December.
    10. Yadavalli, Anita & Jones, Keithly, 2014. "Does media influence consumer demand? The case of lean finely textured beef in the United States," Food Policy, Elsevier, vol. 49(P1), pages 219-227.

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