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| Registros recuperados: 10 | |
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| Reed, Albert J.; Levedahl, J. William; Clark, J. Stephen. |
| When elementary prices move strictly proportionately, aggregation over a group of diverse products is valid, and group demand responses can be decomposed into quality and quantity responses. This study shows that when relative elementary prices and group prices are stochastically independent, a similar decomposition is valid. Empirical results suggest consumers respond to changes in prices and income mostly by altering the quality of meat products. These findings imply that using commercial disappearance as a proxy for food demand can be misleading for policy analysis. Key words: commodity aggregation, Composite Commodity Theorem, composite demand, Generalized Composite Commodity Theorem, quantity-quality decomposition |
| Tipo: Journal Article |
Palavras-chave: Commodity aggregation; Composite Commodity Theorem; Composite demand; Generalized Composite Commodity Theorem; Quantity-quality decomposition; Demand and Price Analysis. |
| Ano: 2003 |
URL: http://purl.umn.edu/30719 |
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| Levedahl, J. William; Reed, Albert J.. |
| Changes in both retail and wholesale infant formula prices can affect the ability of WIC to supply infant formula to participants. This paper constructs a joint relationship that links national wholesale and retail infant formula prices to economic and policy variables. This joint framework provides a richer interpretation of current issues and questions associated with these markets than frameworks intent on explaining either retail or wholesale prices alone. We show how this framework can be implemented empirically, and demonstrate how it can be used to obtain empirical estimates of retail and wholesale price flexibilities with respect to rebates, and with respect to changes in WIC participation. Both have implications for cost containment. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Women; Infant and Children Program; Infant formula rebates; Price analysis; Food Security and Poverty; I38; D40. |
| Ano: 2005 |
URL: http://purl.umn.edu/19274 |
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| Reed, Albert J.; Hanson, Kenneth; Elitzak, Howard; Schluter, Gerald E.. |
| 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)... |
| Tipo: Report |
Palavras-chave: Price-spread model; Input-output model; Variable-proportions model; Food prices; Energy prices; Input prices; Demand and Price Analysis. |
| Ano: 1997 |
URL: http://purl.umn.edu/33574 |
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| Reed, Albert J.; Clark, J. Stephen. |
| Recent trends in mergers and acquisitions in the U.S. food sector food manufacturers, wholesalers, and retailers raise concerns about market power. In the presence of market power, farmers may receive lower than competitive farm prices, and consumers may pay higher than competitive retail prices. This study presents empirical tests of market power at the national level for seven food categories: beef, pork, poultry, eggs, dairy, fresh fruit, and fresh vegetables. At the national level, our tests provide evidence of competitive conduct in both the sale of final food products and the purchase of farm ingredients. |
| Tipo: Report |
Palavras-chave: Retail food and farm prices; Market power; Structural change; Cointegration; Agribusiness; Industrial Organization. |
| Ano: 2000 |
URL: http://purl.umn.edu/33558 |
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| Registros recuperados: 10 | |
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