Information about consumer welfare effects associated with quantity changes in demand is important for agricultural and food policy decision-makers because many policy options are directly related to controlling supplies as a means to stabilize or raise commodity prices and farmers’...

A set of ordinary and inverse demand systems for U.S. quarterly meat consumption is estimated for use to measure the effects of U.S. meat trade on consumers' welfare. The approach is useful to incorporate all direct- and cross-commodity effects into price forecasting and the Hicksian...