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We investigate how to theoretically and empirically measure pre-committed quantities through price formation utilizing translating in the consumer distance function. The translated consumer distance function is defined as a dual to the translated utility, indirect utility, and expenditure...
Persistent link: https://www.econbiz.de/10010882117
We investigate the impacts of food safety on a weakly separable U.S. meat demand system (beef, pork, and poultry) using both the Generalized Almost Ideal Demand System (GAIDS) and the Rotterdam model. To measure food safety, indices are constructed based on the number of meat safety articles...
Persistent link: https://www.econbiz.de/10010917834
Although Australia is the sixth largest producer of beef, with production of 2 million metric tonnes, behind regions such as the USA, Brazil and the EU it is the second largest exporter of beef behind Brazil. Average beef exports from Australia are approximately 65% of the total amount of beef...
Persistent link: https://www.econbiz.de/10008508745
We conceptualize wheat for food use as an input into flour production and derive demand functions to quantify price responsiveness and economic substitutability across wheat classes. Cost, price, and substitution elasticities are estimated for hard red winter, hard red spring, soft red wheat,...
Persistent link: https://www.econbiz.de/10008519223