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AgEcon Search >
Journal of Agricultural and Resource Economics >
Volume 17, Number 02, December 1992 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/30943
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| Title: | USDA DATA REVISIONS OF CHOICE BEEF PRICES AND PRICE SPREADS: IMPLICATIONS FOR ESTIMATING DEMAND RESPONSES |
| Authors: | Marsh, John M. |
| Issue Date: | 1992-12 |
| Abstract: | Reduced form price equations were estimated to compare market demand responses from two data sources: U.S. Department of Agriculture (USDA) beef price and price spread data per revisions in 1978 and per revisions in 1990. The latest revisions were necessary to account for changing beef industry technology and product consumption in the 1980s. Results indicate the elasticities of retail and derived demands average about 25 and 17% lower, respectively, when using the 1990 revised data. Trends and lag adjustments played an important role. The analyses suggest careful interpretation of demand responses when time series data lag technology conditions in the market. |
| URI: | http://purl.umn.edu/30943 |
| Institution/Association: | Journal of Agricultural and Resource Economics>Volume 17, Number 02, December 1992 |
| Total Pages: | 12 |
| Language: | English |
| From Page: | 323 |
| To Page: | 334 |
| Collections: | Volume 17, Number 02, December 1992
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| 17020323.pdf | 951Kb | PDF | View/Open |
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