A Look at Food Price Elasticities and Flexibilities

The matrices of food price elasticities and flexibilities derived from a complete food demand system approach are theoretical consistent and reciprocal with each other. The statistical estimates, however, show that by using the inverted elasticities to represent flexibilities or vice versa, cause sizable measurement errors. For agricultural policy and program analyses, directly estimated food price elasticities and flexibilities should be used.


Issue Date:
2006
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/25572
Total Pages:
7
Series Statement:
Poster Paper




 Record created 2017-04-01, last modified 2017-08-24

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