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The International Coffee Agreement (ICA) used export quotas to restrict coffee trade in order to increase and stabilize the international price. A model of domestic pricing policy is developed which shows that the producer price should have fallen in response to ICA quotas. Econometric analysis...
Persistent link: https://www.econbiz.de/10011098015
The primary purpose of this paper is to provide updated estimates of domestic own-price, cross-price and income elasticities of demand and estimated price elasticities of supply for various California commodities. Flexible functional forms including the Box-Cox specification and the nonlinear...
Persistent link: https://www.econbiz.de/10005513644
Although food processing sector production is inherently linked to the availability and prices of agricultural materials (MA), this link appears to be weakening due to adaptations in input costs, technology, and food consumption patterns. This study assesses the roles of these changes on food...
Persistent link: https://www.econbiz.de/10004989502
We prove that the symmetric and negative semidefinite modified Slutsky matrix derived by Samuelson and Sato (1984) for the money-goods model of the consumer, is identical to that derived by Pearce (1958) a quarter century before and restated sixteen years later by Berglas and Razin (1974). We...
Persistent link: https://www.econbiz.de/10005801405
Modern fruit sector development in Chile led to agricultural employment for women, though usually only as temporary workers and often at a piece rate. Nonetheless, fruit sector employment offered women access to income and personal fulfillment previously lacking. This paper links the fruit...
Persistent link: https://www.econbiz.de/10004989482
A test of the adding up condition in demand systems is crucial for determining whether a share format is admissible when the number of sample goods is smaller than the number of commodity choices available to consumers. This test requires the estimation of a demand system in a quantity format....
Persistent link: https://www.econbiz.de/10010882499
This paper considers the estimation and testing of demand systems when the number of sample goods is smaller than the number of commodity choices available to consumers. In this case, the demand system is incomplete. The large majority of papers that appeared in the literature specifies and...
Persistent link: https://www.econbiz.de/10010921484
The Maximum Likelihood method estimates the parameter values of a statistical model that maximize the corresponding likelihood function, given the sample information. This is the primal approach that, in this paper, is presented as a mathematical programming specification whose solution requires...
Persistent link: https://www.econbiz.de/10010921485
This paper contains a substantial revision of a previous paper with the same title.
Persistent link: https://www.econbiz.de/10011277205
REVISED 4/2/2015. SEE WP-15-001 AT http://ageconsearch.umn.edu/handle/200491
Persistent link: https://www.econbiz.de/10011252173