A Look at Food Price Elasticities and Flexibilities

The matrices of food price elasticities and flexibilities derived from a complete food demand system approach are theoretical consistent and reciprocal with each other. The statistical estimates, however, show that by using the inverted elasticities to represent flexibilities or vice versa, cause sizable measurement errors. For agricultural policy and program analyses, directly estimated food price elasticities and flexibilities should be used.

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Year of publication:	2006
Authors:	Huang, Kuo S.
Institutions:	International Association of Agricultural Economists - IAAE
Subject:	Demand and Price Analysis

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Extent:	application/pdf
Series:	2006 Annual Meeting, August 12-18, 2006, Queensland, Australia.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2006 Annual Meeting, August 12-18, 2006, Queensland, Australia Number 25572
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005483981