A reexamination of consumer buying behavior for beef, pork, and chicken

Extract: The objective of this study is to estimate demand parameters for beef, pork, and chicken using budget share equations derived from the translog indirect form of the utility function for the period 1965-81. Estimates of uncompensated direct and cross price elasticities, expenditure and incom...

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Bibliographic Details
Published inWestern Journal of Agricultural Economics Vol. 10; no. 1; pp. 116 - 125
Main Authors Menkhaus, D.J, St Clair, J.S, Hallingbye, S
Format Journal Article
LanguageEnglish
Published Bozeman, MT Western Agricultural Economics Association 01.07.1985
Subjects
Agricultural economics
Beef
CARNE DE AVES
CARNE DE CERDO
CARNE DE RES
COMPORTAMIENTO DEL CONSUMIDOR
COMPORTEMENT DES CONSOMMATEURS
Consumer behavior
Consumer prices
ECONOMETRIA
ECONOMETRIE
Elasticity of demand
Financial budgets
FONCTION DE DEMANDE
FORMACION DE PRECIOS
FORMATION DES PRIX
FUNCIONES DE LA DEMANDA
INGRESOS
Meats
Pork
Price elasticity
REVENU
Utility functions
VIANDE DE BOEUF
VIANDE DE PORC
VIANDE DE VOLAILLE
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Summary:Extract: The objective of this study is to estimate demand parameters for beef, pork, and chicken using budget share equations derived from the translog indirect form of the utility function for the period 1965-81. Estimates of uncompensated direct and cross price elasticities, expenditure and income elasticities, and Allen elasticities are then used to make inferences concerning changes in consumer behavior in the purchases of beef, pork, and chicken. When pressure on real income forces reductions in total expenditures for meats, the brunt of the reduced consumption will be felt by beef; pork consumption will decrease slightly; and consumption of chicken may actually increase
Bibliography:E73
Q01
8619220
U10
ISSN:0162-1912
1068-5502
2327-8277
2327-8285