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A market share model for vegetable and tropical oils

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  • A. D. Owen
  • K. Chowdhury
  • J. R. R. Garrido

Abstract

This paper is concerned with specification and estimation of a model explaining market shares for the world's major vegetable and tropical oils. Market shares are explained by relative prices and an attribute variable designed to reflect increased consumer preference for polyunsaturated fats and oils. A general autoregressive distributed lag model is specified, with data acceptable reduction of the unrestricted model yielding a more parsimonius representation of the data generation process.

Suggested Citation

  • A. D. Owen & K. Chowdhury & J. R. R. Garrido, 1996. "A market share model for vegetable and tropical oils," Applied Economics Letters, Taylor & Francis Journals, vol. 3(2), pages 95-99.
    • Handle: RePEc:taf:apeclt:v:3:y:1996:i:2:p:95-99
    DOI: 10.1080/135048596356780
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    References listed on IDEAS

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    1. Hendry, David F. & Richard, Jean-Francois, 1982. "On the formulation of empirical models in dynamic econometrics," Journal of Econometrics, Elsevier, vol. 20(1), pages 3-33, October.
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    1. A. D. Owen & K. Chowdhury & J. R. R. Garrido, 1997. "Price interrelationships in the vegetable and tropical oils market," Applied Economics, Taylor & Francis Journals, vol. 29(1), pages 119-124.
    2. Fernandez, Abel & Jacobs, Derya & Keating, Charles & Kauffman, Paul, 2000. "A market attraction model for predicting the US market share of large civil aircraft," Journal of Air Transport Management, Elsevier, vol. 6(1), pages 3-11.
    3. Mili, Samir, 2006. "Market dynamics and policy reforms in the EU olive oil industry: An exploratory assessment," 98th Seminar, June 29-July 2, 2006, Chania, Crete, Greece 10099, European Association of Agricultural Economists.

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