incorporating price expectations and biological constraints is used to estimate supply and demand functions for thoroughbred horses …. Empirical results characterize a market with inelastic supply and elastic demand that converges to equilibrium under static …

changes in demand for fruit and vegetable commodities across different income groups. The own-price elasticity for food was …A two-stage budgeting LES-LA/AIDS system is sued to estimate rural household demand in China with special emphasis on … elasticities range from -1.042 to -0.019. Grain, with an expenditure elasticity of almost unity, is an important staple food for …

Results indicate that, when comparing the unconditional derived-demand elasticities to the unconditional consumer … demand elasticities, significant differences emerge due to the differences in the first-stage estimation procedure between … the differential production approach and the Rotterdam model. In comparing the consumer demand price …

variable in a Rotterdam demand system for fresh fruit illustrates the methodology. This variable was modeled through its impact …

The generalized dynamic Rotterdam model was used in estimating U.S. demand for disaggregated catfish. The overall goal … was to examine habit persistence in consumption and to determine the adjustment process in demand. Results indicated that … it took up to 1 month for catfish-product demand to fully adjust to changes in expenditures and prices. Additionally …

This study extends Barten's synthetic demand modeling approach to increase the flexibility of the uniform substitute … specification of the Rotterdam demand system. Marginal propensities to consume (MPC) vary with budget shares and Slutsky …