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Modelling of the Demand Relations within the Commodity Chain: Application on the Wheat Commodity Chain in the Czech Republic AgEcon
Blazkova, Ivana.
The paper is focused on formulation of demand relations in the commodity chain. Created model respects interdependence and interconnection of particular stages within the food commodity chain – it takes into account the fact that secondary demand function is formed not only by particular prices but also by level of demand on vertical previous market. The functions of primary consumer demand for final products and the functions of derived demands at the level of retail, processing and agricultural production are modeled. The wheat commodity chain in the Czech Republic is chosen for the application. Statistical verification of the model and derivation of standard characteristics of market subjects’ behaviour (elasticities) are made. The model shows that...
Tipo: Conference Paper or Presentation Palavras-chave: Commodity chain; Vertical demand system; Demand interconnection; Primary demand; Secondary demand; Agribusiness; Agricultural and Food Policy; Farm Management; Food Consumption/Nutrition/Food Safety; Risk and Uncertainty.
Ano: 2009 URL: http://purl.umn.edu/59195
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