| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Changing Consumer Food Prices: A User's Guide to ERS Analyses
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| Autores: |
Reed, Albert J.
Hanson, Kenneth
Elitzak, Howard
Schluter, Gerald E.
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| Data: |
2005-11-15
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| Ano: |
1997
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| Palavras-chave: |
Price-spread model
Input-output model
Variable-proportions model
Food prices
Energy prices
Input prices
Demand and Price Analysis
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| Resumo: |
USDA's Economic Research Service (ERS) uses different economic models to estimate the impact of higher input prices on consumer food prices. The present study compares three ERS models. In the first two models, neither consumers nor food producers respond to market prices. We refer to these two models as short-run models. In the third model, both consumers and food producers respond to changing prices, and we refer to this model as a long-run model. Given published parameter estimates, we simulate the impact of a higher energy price on consumer food prices, and our empirical findings are consistent with our understanding of market responses. In the short run, we find that the full effect of an increase in the price of energy is fully (or nearly fully) passed on to consumers, because neither food producers nor consumers can immediately respond to changing prices. In the long run, however, the price response of food producers and consumers serves to mitigate the increase in consumer food prices.
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| Tipo: |
Report
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| Idioma: |
Inglês
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| Identificador: |
19061
http://purl.umn.edu/33574
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| Editor: |
AgEcon Search
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| Relação: |
United States Department of Agriculture>Economic Research Service>Technical Bulletins
Technical Bulletin No. 1862
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| Formato: |
13
application/pdf
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