Recent bovine spongiform encephalopathy (BSE, a.k.a. mad cow disease) discoveries in Canadian and U.S. beef cattle have garnered significant media attention, which may have changed consumers’ meat-purchasing behavior. Consumer response is hypothesized and tested within a meat demand...

Estimates of price and scale elasticities for U.S. consumed shrimp are derived using aggregate shrimp data differentiated by source country. Own-price elasticities for all countries had the expected negative signs, were statistically significant, and inelastic. The scale elasticities for all...

In early 1996, the peak in the current cycle of cattle inventories coincided with a long list of negative factors--negative returns at the farm and feedlot, record-high feed grain prices, a severe drought in 1995-96, widening farm-retail price spreads, a low farmers' share of the consumers'...

The paper demonstrates that random coefficient models can be estimated by maximum likelihood if they are specified as generalized least squares models. The paper uses maximum likelihood estimation on a random-coefficient, meat-demand system. Statistical tests show that price elasticities are...

The livestock industry uses information on meat prices at different stages in the marketing system to make production decisions. When grocery stores began using electronic scanners to capture prices paid for meat, it was assumed that the livestock industry could capitalize on having these...

A dynamic econometric model relating wholesale meat prices to retail prices and wholesale meat demand is estimated using monthly data on U.S. prices and quantities of beef, pork, and chicken. The hypothesis that meat retailing costs are separable is rejected; that is, the data support joint costs...

We estimated a wholesale demand system for beef, pork, lamb, chicken, and turkey using quarterly U.S. data and a dynamic, CBS system (Keller and Van Driel). The CBS system is a differential system, which means that it might be more appropriately applied in those situations where the data have...

Beef and pork prices at farm, wholesale and retail are examined for evidence of a dynamic and asymmetric price transmission using an endogenous switching model. Dynamic adjustment means that it take time for prices to adjust to changes in the market. Price transmission is asymmetric if the speed...

Economists often use aggregate time series data to estimate consumer demand functions. Some of the popular applied demand systems have a PIGLOG form. In the most general PIGLOG cases the “average” demand for a good is a function of the representative consumer expenditure not the average...

In this study we estimated the price elasticities among meats, vegetables, grains, and potatoes and the impact that different levels of income have on the demand for these commodities. The 2005 Nielsen retail home scan data were used to construct a censored demand system of 14 equations. Results...