Modeling The Farm-Retail Price Spread For Beef
A new model for the farm-retail price spread, which accounts for both farm supply and retail demand changes, is introduced. This model is applied to beef, and its empirical performance relative to the markup pricing formulation is evaluated using nonnested testing procedures. The results are consistent with theory and indicate the markup pricing model is misspecified.
Volume (Year): 12 (1987)
Issue (Month): 02 (December)
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- 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.
- Moschini, GianCarlo & Meilke, Karl D., 1984. "Parameter Stability and the U.S. Demand for Beef," Staff General Research Papers Archive 11272, Iowa State University, Department of Economics.
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