An examination of demand functions for beef, pork, and broilers

Extract: This study concentrates on analyzing the predictive ability of alternate models of the livestock sector when demand equations are price dependent or quantity dependent. The methodology uses the same set of independent variables, except that the price and quantity of the commodity in questio...

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Bibliographic Details
Published inJournal of the Northeastern Agricultural Economics Council Vol. 8; no. 2; pp. 299 - 311
Main Authors Yanagida, John F., Conway, Roger K.
Format Journal Article
LanguageEnglish
Published Newark, DE Northeastern Agricultural and Resource Economics Association 01.10.1979
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Summary:Extract: This study concentrates on analyzing the predictive ability of alternate models of the livestock sector when demand equations are price dependent or quantity dependent. The methodology uses the same set of independent variables, except that the price and quantity of the commodity in question are switched according to the dependency form. Results indicate that the two dependency forms have different own and cross effects. This is contrary to the initial hypothesis that these two demand forms would produce similar structural outcomes and implies that further research in this area is needed.
Bibliography:E
E10
ISSN:0163-5484
1068-2805
2398-4635
DOI:10.1017/S0163548400004945