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An Econometric Model Of The U.S. Apple Market

Author

Listed:
  • Baumes, Harry S., Jr.
  • Conway, Roger K.

Abstract

An econometric model of the U.S. apple sector was formulated for 1952-81. A system of demand, domestic market allocation, and margin equations were estimated using the two-stage least squares procedure. Retail prices were found to be significantly related to quantity, real per capita expenditures, substitutes complements, and stocks. The signs of the estimated coefficients in the model agreed with theoretical expectations and their magnitudes were statistically significant. A reduced-form solution to the structural model was derived to show the influence of exogenous variables on product prices, margins, and domestic use.

Suggested Citation

  • Baumes, Harry S., Jr. & Conway, Roger K., 1985. "An Econometric Model Of The U.S. Apple Market," Staff Reports 277669, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerssr:277669
    DOI: 10.22004/ag.econ.277669
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    References listed on IDEAS

    as
    1. George, P.S. & King, Gordon A., 1971. "Consumer Demand for Food Commodities in the United States with Projections for 1980," Monographs, University of California, Davis, Giannini Foundation, number 11936.
    2. James P. Houck, 1965. "The Relationship of Direct Price Flexibilities to Direct Price Elasticities," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 47(3), pages 789-792.
    3. Price, David W. & Mittelhammer, Ronald C., 1979. "A Matrix Of Demand Elasticities For Fresh Fruit," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 4(01), pages 1-18, July.
    4. Edman, Victor G., 1972. "Retail Demand for Fresh Apples," Marketing Research Reports 313713, United States Department of Agriculture, Agricultural Marketing Service, Transportation and Marketing Program.
    5. Waugh, Frederick V., 1964. "Demand and Price Analysis: Some Examples from Agriculture," Technical Bulletins 171213, United States Department of Agriculture, Economic Research Service.
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