Data/hora: 03/06/2024 01:34:36

Provedor de dados: | Research in Agricultural & Applied Economics (AgEcon Searh)
País: | United States
Título: | DERIVED DEMAND FOR WHEAT BY CLASS
Autores: | Terry,   Justin J.; Marsh,   Thomas L.
Data: | 2000-08-21
Ano: | 2000
Palavras-chave: | Elasticities; Normalized quadratic; Substitution; Crop Production/Industries; Demand and Price Analysis.
Resumo: | To quantify price responsiveness and economic substitutability among wheat classes, derived demand functions were specified from a normalized quadratic profit function. Own-price and cross-price elasticities were estimated for hard red winter, hard red spring, soft wheat (combined red and white), and durum wheat. In general, soft wheat varieties were less responsive to their own price than were hard wheat varieties. Cross-price elasticities indicate that hard red winter wheat, hard red spring wheat, and soft wheat varieties are economic substitutes. Cross-price elasticities are different from those previously reported, which can have important policy implications.
Tipo: | Conference Paper or Presentation
Idioma: | Inglês

Identificador:

2215

http://purl.umn.edu/36457

Editor: | AgEcon Search

Relação:

Western Agricultural Economics Association&gt;2000 Annual Meeting, June 29-July 1, 2000, Vancouver, British Columbia

Selected Paper of the 2000 Annual Meeting, June 29-July 1, 2000, Vancouver, British Columbia

Formato:

19

application/pdf