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Consumer demand for food is an important component of the structure within which various agricultural policies have been formulated. To provide a model for food consumption forecasts and analyses of food program effects, a complete set of food demand relationships consisting of direct-and...
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A methodology for estimating a demand system from household survey data is developed and applied to the 1987-88 Nationwide Food Consumption Survey data. The empirical results are sets of estimated demand elasticities for households segmented with different income levels. In addition, we apply...
Persistent link: https://www.econbiz.de/10005807621
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This study develops statistical procedures using actual sample observations for estimating a large-scale demand system for foods. The result is a complete matrix of, all direct, crossprice, and expenditure elasticities for 40 food items and 1 nonfood item. The demand system illustrates the,...
Persistent link: https://www.econbiz.de/10010922963
Forecasting food prices is an important component of the U.S. Department of Agricultureís short-term outlook and long-term baseline forecasting activities. A food price-forecasting model is developed by applying an inverse demand system, in which prices are functions of quantities of food use...
Persistent link: https://www.econbiz.de/10005070286