Showing 1 - 10 of 19
Countries replacing existing trade barriers with a fixed tariff may find that domestic price variability rises to politically unacceptable levels. This paper shows how the tariff-reduction formula can be modified to delay the transmission of world price variability. The importance of this...
Persistent link: https://www.econbiz.de/10010879510
This study revisits the consistent aggregation (over households) property of almost ideal demand system (AIDS) models and presents a method to explicitly account for expenditure aggregation bias when estimating the aggregate AIDS model with time-series data. Ignoring aggregation bias can lead to...
Persistent link: https://www.econbiz.de/10009446624
Though numerous researchers have analyzed the effects of socioeconomic factors on food-away-from-home (FAFH) consumption, little is known about how household composition will affect China’s FAFH patterns. This study focuses on the effects of household composition along with income and...
Persistent link: https://www.econbiz.de/10010881066
Persistent link: https://www.econbiz.de/10010923166
This paper presents an application of Bayesian analysis to an AIDS model of Japanese meat demand extending previous approaches in three ways: (1) The methodology employed is robust with respect to the likelihood function but retains the generic, easily programmable character of algorithms...
Persistent link: https://www.econbiz.de/10005330948
The discovery of bovine spongiform encephalopathy (BSE), commonly known as ‘mad cow disease’, in Japan caused anxiety about consuming beef and beef products. As a result, there was a sudden fall in sales of beef that hurt the Japanese beef industry as well as major beef exporters to Japan....
Persistent link: https://www.econbiz.de/10009398780
We estimate price formation in the sweet cherry market using an inverse demand system with farm-level price and quantity data from states in the Pacific Northwest and California. Between 0.60 and 0.78 of the variation in annual cherry price is explained by the states’ production, domestic...
Persistent link: https://www.econbiz.de/10005041211
An analytical framework to assess the effects of changing income and socio-demographic distributions on aggregate food demand functions in transitional economies is presented. Ignoring such distributional effects can lead to biased estimates of aggregate demand elasticities. The proposed method...
Persistent link: https://www.econbiz.de/10005798216
A two-stage budgeting LES-LA/AIDS system is sued to estimate rural household demand in China with special emphasis on changes in demand for fruit and vegetable commodities across different income groups. The own-price elasticity for food was found to be more elastic than that for clothing,...
Persistent link: https://www.econbiz.de/10005041410
A choice-based conjoint (CBC) experiment was employed to analyze Chinese consumers preferences for fluid milk defined by four choice attributes: production processing method, fat content level, taste, and price. The results from two analysis approaches (counting and multinomial logit models)...
Persistent link: https://www.econbiz.de/10005038942