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Price elasticities, joint products, and international trade
Piggott, Nicholas E.; Wohlgenant, Michael K. - 2002
This paper extends the basic results of Houck’s insight for derived demand elasticitiesfor the case of joint products by allowing for the possibility of the joint and rawproducts being traded. Theoretical relationships between individual demands for aset of jointly-produced commodities that...
Persistent link: https://www.econbiz.de/10009446980
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MODELING THE FARM-RETAIL PRICE SPREAD FOR BEEF
Wohlgenant, Michael K.; Mullen, John D. - In: Western Journal of Agricultural Economics 12 (1987) 02
A new model for the farm-retail price spread, which accounts for both farm supply and retail demand changes, is introduced. This model is applied to beef, and its empirical performance relative to the markup pricing formulation is evaluated using nonnested testing procedures. The results are...
Persistent link: https://www.econbiz.de/10005522796
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THE WILLINGNESS OF CONSUMERS TO PAY FOR ATTRIBUTES OF LAMB
Mullen, John D.; Wohlgenant, Michael K. - In: Australian Journal of Agricultural Economics 35 (1991) 03
A contingent valuation approach has been used to estimate the willingness to pay by consumers for changes in leanness and portion size in lamb loin chops. Over 800 consumers were interviewed at four major shopping centres in Sydney. Consumers were prepared to buy loin chops with more fat cover...
Persistent link: https://www.econbiz.de/10005525559
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A MODEL OF IMPERFECT COMPETITION USING MARGINAL INPUT AND OUTPUT PRICES: APPLICATION TO THE BEEF PACKING INDUSTRY
Muth, Mary K.; Wohlgenant, Michael K. - Agricultural and Applied Economics Association - AAEA - 1998
Based on Diewert's idea that models under competition can be generalized to imperfect competition using marginal prices …
Persistent link: https://www.econbiz.de/10005536461
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Do Economic Restrictions Improve Forecasts?
Murphy, Elizabeth A.; Norwood, F. Bailey; Wohlgenant, … - Southern Agricultural Economics Association - SAEA - 2003
A previous study showed that imposing economic restrictions improves the forecasting ability of food demand systems, thus warranting their use even when rejected in-sample. This study attempts to determine whether this is due solely to the fact that restrictions improve degrees of freedom....
Persistent link: https://www.econbiz.de/10005476666
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ESTIMATING CROSS ELASTICITIES OF DEMAND FOR BEEF
Wohlgenant, Michael K. - In: Western Journal of Agricultural Economics 10 (1985) 02
in relative prices and per capita real income. Particular attention was given to specifying the functional form by … Fourier series expansion in relative meat prices. The results support the hypothesis that recent shifts in demand for beef can … be attributed to changes in relative prices of competing meats, especially poultry. …
Persistent link: https://www.econbiz.de/10005480894
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DEMAND FOR PLANTS SOLD IN NORTH CAROLINA GARDEN CENTERS
Abdelmagid, Banaga D.; Wohlgenant, Michael K.; Safley, … - In: Agricultural and Resource Economics Review 25 (1996) 1
, petunia, and vinca) was found to be affected more by prices than by income, demographic, and other variables. By using cross …
Persistent link: https://www.econbiz.de/10005468739
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Demand Analysis of Fluid Milk with Different Attributes
Choi, Hee Jung; Wohlgenant, Michael K. - Agricultural and Applied Economics Association - AAEA - 2012
Persistent link: https://www.econbiz.de/10010881187
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Demand Parameters in the Wool Processing Industry
Mullen, John D.; Alston, Julian M.; Wohlgenant, Michael K. - Australian Agricultural and Resource Economics Society … - 1989
Persistent link: https://www.econbiz.de/10010881209
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Development and Measurement of Farm-to-Retail Price Linkage for Evaluating Dairy Advertising Effectiveness
Wohlgenant, Michael K.; Clary, Cynda R. - In: Journal of Agricultural Economics Research, 4
A conceptual and empirical framework for estimating the effects of dairy advertising on farm prices and producer … purchase. to farm price, and a government purchases equation linking advertising and support prices to government purchases The …
Persistent link: https://www.econbiz.de/10010910543