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A Probabilistic Approach to Estimating Aggregate Regional Demand for Broiler Meat

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  • Huang, Chung Liang
  • Raunikar, Robert

Abstract

Classical theory of consumer demand postulates that each consumer possesses a continuous utility function. The theory describes the behavior of a rational consumer such that the consumer's preferences for various sets of goods are given and the consumer purchases a set of goods which maximizes utility function subject to the budget constraint that total expenditure is equal to income.

Suggested Citation

  • Huang, Chung Liang & Raunikar, Robert, 1982. "A Probabilistic Approach to Estimating Aggregate Regional Demand for Broiler Meat," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 14(2), pages 131-137, December.
  • Handle: RePEc:cup:jagaec:v:14:y:1982:i:02:p:131-137_02
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    Cited by:

    1. Chung L. Huang & Robert Raunikar, 1985. "Spatial market estimates on consumption of broiler meat," Agribusiness, John Wiley & Sons, Ltd., vol. 1(2), pages 153-163.
    2. Huang, Chung L. & Raunikar, Robert & Tyan, Holly L., 1986. "Heteroscedasticity In Broiler Meat Expenditure Pattern Estimation," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 11(2), pages 1-9, December.

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