Complements and Meat Demand in the U.S
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.
|Date of creation:||2008|
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- Weninger, Quinn & Just, Richard E., 1997.
"Economic Evaluation of the Farmers' Market Nutrition Program,"
Staff General Research Papers Archive
5066, Iowa State University, Department of Economics.
- 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.
- 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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