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American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) >
2003 Annual meeting, July 27-30, Montreal, Canada >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/21893
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| Title: | THE FAST METHOD: ESTIMATING UNCONDITIONAL DEMAND ELASTICITIES FOR PROCESSED FOOD IN THE PRESENCE OF FIXED EFFECTS |
| Authors: | Bergtold, Jason S.
Akobundu, Eberechukwu
Peterson, Everett B. |
| Authors (Email): | Bergtold, Jason (jbergtol@vt.edu)
Akobundu, Ebere (eakobund@vt.edu)
Peterson, Everett B. (petrsone@vt.edu) |
| Issue Date: | 2003 |
| Series/Report no.: | Selected Paper |
| Abstract: | This study estimated a set of unconditional own-price and expenditure elasticities for 49 processed food categories using scanner data and the FAST multistage demand system. Overall, our estimated own-price and expenditure elasticities are generally much larger, in absolute terms, than previous estimates. The use of disaggregated product groupings and the estimation of unconditional elasticities accounts for these higher estimates. Over half of the own-price elasticities are larger, on an absolute basis, than 0.9. Providing more disaggregate product level demand elasticities could aid in the economic analysis of issues relating to industry competitiveness or the impact of public policy. |
| URI: | http://purl.umn.edu/21893 |
| Institution/Association: | American Agricultural Economics Association>2003 Annual meeting, July 27-30, Montreal, Canada |
| Total Pages: | 32 |
| Language: | English |
| Collections: | 2003 Annual meeting, July 27-30, Montreal, Canada
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| sp03be06.pdf | 196Kb | PDF | View/Open |
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