Impact of NAFTA on the Preference for Meat Consumption in USA: An Inverse Demand System Approach
This study examines the impacts of NAFTA on meat demand and develops an inverse demand system model for meat to analyze price and scale flexibility. The inverse demand system model for meat products suggests that, After NAFTA, there is a decline in average on the preference for beef consumption. The availability of low quality beef and the concern over infectious disease through the imported beef might be the reasons for this decline on the preference for beef consumption. Results show that all meats are substitutes to each other and proportionate increase in all meats reduce the price for meats.
Volume (Year): 2 (2012)
Issue (Month): 1 ()
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- Toshinobu Matsuda, 2005. "Forms of Scale Curves and Differential Inverse Demand Systems," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 87(3), pages 786-795.
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- Barten, A. P. & Bettendorf, L. J., 1989. "Price formation of fish : An application of an inverse demand system," European Economic Review, Elsevier, vol. 33(8), pages 1509-1525, October.
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- Moschini, GianCarlo & Vissa, A., 1992. "Linear Inverse Demand System, A," Staff General Research Papers 11250, Iowa State University, Department of Economics.
- Kesavan, T & Buhr, Brian, 1995. "Price Determination and Dynamic Adjustments: An Inverse Demand System Approach to Meat Products in the United States," Empirical Economics, Springer, vol. 20(4), pages 681-98.
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