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vulnerable to poverty. A large volatility in the value of an agricultural commodity is linked to the inelasticity of its supply … or demand. Therefore, we test the hypothesis that the price elasticities of the global cocoa supply and demand are low …. We describe the global cocoa market with cointegration dynamic supply, demand and price submodels. Our OLS, 2SLS, and SUR …
Persistent link: https://www.econbiz.de/10011672901
Persistent link: https://www.econbiz.de/10012596517
subject is the basic toolbox of mainstream economics. The most important tools in this box are demand, supply and equilibrium … what economists tell us, demand, supply and equilibrium do not carry over to the actual world: they cannot be empirically …
Persistent link: https://www.econbiz.de/10012485819
Domestic fruit supply stability is evaluated taking into consideration the dynamic interactions between production and … consumption and testing the synchronization of the supply flow with the consumption demand. The statistical data series from the …
Persistent link: https://www.econbiz.de/10011591034
Persistent link: https://www.econbiz.de/10011964776
Persistent link: https://www.econbiz.de/10011656544
Recent legalizations of cannabis at the state level in the United States have given rise to renewed interest in the price elasticity of demand for cannabis and implications for likely state excise and sales tax revenues. We use crowdsourced data on prices, qualities, and consumption of cannabis...
Persistent link: https://www.econbiz.de/10011691555
The paper shows how aggregate AS-AD can be derived within the standard neoclassical dynamic setting known as the Ramsey-Cass- Koopmans (RCK) model. AS-AD is the stationary equilibrium of the deterministic dynamic general equilibrium framework. The derivation builds a permanent income type...
Persistent link: https://www.econbiz.de/10010494535
vulnerable to poverty. A large volatility in the value of an agricultural commodity is linked to the inelasticity of its supply … or demand. Therefore, we test the hypothesis that the price elasticities of the global cocoa supply and demand are low …. We describe the global cocoa market with cointegration dynamic supply, demand and price submodels. Our OLS, 2SLS, and SUR …
Persistent link: https://www.econbiz.de/10011672982
Persistent link: https://www.econbiz.de/10008653315