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Complements and Meat Demand in the U.S

Author

Listed:
  • Davis, Christopher G.
  • Stefanova, Stela
  • Hahn, William F.
  • Yen, Steven T.

Abstract

In this study we estimated the price elasticities among meats, vegetables, grains, and potatoes and the impact that different levels of income have on the demand for these commodities. The 2005 Nielsen retail home scan data were used to construct a censored demand system of 14 equations. Results revealed that the uncompensated cross-price elasticities for both low and high-incomes suggest both substitution and complement relationships, while the compensated price elasticities are dominated primarily by substitution relationships. Our findings also revealed that expenditure elasticities among both low and high-income households differ for most commodities.

Suggested Citation

  • Davis, Christopher G. & Stefanova, Stela & Hahn, William F. & Yen, Steven T., 2008. "Complements and Meat Demand in the U.S," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida 6406, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  • Handle: RePEc:ags:aaea08:6406
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    File URL: http://purl.umn.edu/6406
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    References listed on IDEAS

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    1. Richard E. Just & Quinn Weninger, 1997. "Economic Evaluation of the Farmers' Market Nutrition Program," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(3), pages 902-917.
    2. Wyatt Thompson, 2004. "Using Elasticities from an Almost Ideal Demand System? Watch Out for Group Expenditure!," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 86(4), pages 1108-1116.
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    Cited by:

    1. Greenway, Gina A. & Guenthner, Joseph F. & Makus, Larry D. & Pavek, Mark J., 2010. "Fresh Potato and Meat Preferences by U.S. Region," Journal of Food Distribution Research, Food Distribution Research Society, vol. 41(2), July.

    More about this item

    Keywords

    censored dependent variables; meats; poultry; fish; vegetables; sample selection model; two-step estimation; Demand and Price Analysis; Livestock Production/Industries; C25; D12; Q11;

    JEL classification:

    • C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices

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