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Impacts Of Income Distribution On Market Demand

Author

Listed:
  • Dong, Diansheng
  • Capps, Oral, Jr.

Abstract

This study develops a procedure to estimate income distribution effects on market demand. The proposed procedure contains two steps: estimation of the underlying income distribution and estimation of market demand. Empirical findings show that the income distribution effect is a significant factor in the demand for meat products.

Suggested Citation

  • Dong, Diansheng & Capps, Oral, Jr., 1998. "Impacts Of Income Distribution On Market Demand," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20996, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  • Handle: RePEc:ags:aaea98:20996
    as

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    File URL: http://purl.umn.edu/20996
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    References listed on IDEAS

    as
    1. Mittelhammer, Ronald C. & Shi, Hongqi & Wahl, Thomas I., 1996. "Accounting For Aggregation Bias In Almost Ideal Demand Systems," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 21(02), December.
    2. P. Simmons, 1980. "Evidence on the Impact of Income Distribution on Consumer Demand in the UK 1955–68," Review of Economic Studies, Oxford University Press, vol. 47(5), pages 893-906.
    3. Hahn, William F., 1988. "Effects of Income Distribution on Meat Demand," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, issue 2.
    4. McDonald, James B, 1984. "Some Generalized Functions for the Size Distribution of Income," Econometrica, Econometric Society, vol. 52(3), pages 647-663, May.
    5. Blinder, Alan S, 1975. "Distribution Effects and the Aggregate Consumption Function," Journal of Political Economy, University of Chicago Press, vol. 83(3), pages 447-475, June.
    6. Majumder, Amita & Chakravarty, Satya Ranjan, 1990. "Distribution of Personal Income: Development of a New Model and Its Application to U.S. Income Data," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 5(2), pages 189-196, April-Jun.
    7. Blundell, Richard & Pashardes, Panos & Weber, Guglielmo, 1993. "What Do We Learn About Consumer Demand Patterns from Micro Data?," American Economic Review, American Economic Association, vol. 83(3), pages 570-597, June.
    8. Arthur Lewbel, 1989. "Exact Aggregation and a Representative Consumer," The Quarterly Journal of Economics, Oxford University Press, vol. 104(3), pages 621-633.
    9. John Muellbauer, 1975. "Aggregation, Income Distribution and Consumer Demand," Review of Economic Studies, Oxford University Press, vol. 42(4), pages 525-543.
    10. Deaton,Angus & Muellbauer,John, 1980. "Economics and Consumer Behavior," Cambridge Books, Cambridge University Press, number 9780521296762, Fall.
    11. Buse, Adolf, 1992. "Aggregation, Distribution and Dynamics in the Linear and Quadratic Expenditure Systems," The Review of Economics and Statistics, MIT Press, vol. 74(1), pages 45-53, February.
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