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| Wells, Gary J.; Miller, Stephen E.; Thompson, C. Stassen. |
| Previous studies have consistently indicated the anomalous result of a price inflexible demand for pecans. However, these efforts did not have an adequate measure of pecan stocks available and, as a result, stocks were either excluded from consideration or a proxy variable was introduced. A time series of pecan stocks is now available. Use of this time series in a price dependent demand function results in a flexible farm level demand for pecans. This points out the danger of excluding an appropriate variable or using a so-called "reasonable" proxy variable. |
| Tipo: Journal Article |
Palavras-chave: Crop Production/Industries. |
| Ano: 1986 |
URL: http://purl.umn.edu/29447 |
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