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Commercial Disappearance and Composite Demand for Food with an Application to U.S. Meats AgEcon
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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The Demand for Beef in Indonesia: Implications for Australian Agribusiness AgEcon
Doran, Howard E.; O'Donnell, Christopher J.; Griffith, Garry R.; Chang, Hui-Shung (Christie); Hutasuhut, Maradoli.
Meat consumption and socio-demographic data from the 1990, 1993 and 1996 SUSENAS Household Food Expenditure and Consumption Surveys were employed to estimate the demand for meats in Indonesia. The focus was on the Provinces of DKI Jakarta and West Java where about one-fourth of the Indonesian population reside. Statistical and econometric procedures were used to aggregate the 16 meat types recorded in the SUSENAS into four Meat Groups. They were then used to estimate the Linear Approximation of the Almost Ideal Demand System (LA/AIDS) model, taking into account zero observations and the restrictions on budget shares. The demand for Meat Group 1 (with the dominant meat, beef) is income-inelastic, whereas for Meat Group 2 (with the dominant meat,...
Tipo: Working or Discussion Paper Palavras-chave: Beef demand; Almost ideal demand system; Commodity aggregation; Demand and Price Analysis; Food Consumption/Nutrition/Food Safety; Livestock Production/Industries.
Ano: 2001 URL: http://purl.umn.edu/12915
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