This article develops a dynamic econometric model of the national dairy industry to simulate the Impacts of generic advertising on the demand for milk and dairy products, farm and consumer prices, and producer welfare Two advertising scenarios are analyzed (1) a historic scenario, and (2) a...

An elasticity of retail sales with respect to farm, manufacturing, and transfer income is estimated for three community sizes and seven types of retail businesses. The results indicate the aggregate marginal propensity to consume retail goods locally decreases in the smallest communities and...

Shifts in the distribution of income tended to increase the demand for beef and decrease the demand for pork and chicken in the early eighties However, shifts in relative prices and other factors worked to decrease the demand for beef Consequently, the demand for beef declined from 1980 to 1985...

The regression method of adjustment for price changes produces estimates that are close to those produced by the reclassification method, especially when the results are aggregated into three sales classes The difference between the two methods is greatest for the smallest sales classes Although...

Most economists understand linear regression as the estimation of the parameters of a linear model. There are two other ways of interpreting the results of linear regression, however, and most software packages designed specifically to handle data from complex sample surveys (for example,...