SUPPLY RESPONSE IN THE NORTHEASTERN FRESH TOMATO MARKET

This paper examines the forces that affected the Northeastern fresh tomato supply in the post-WWII period. A simultaneous equation model is developed which incorporates a composite price expectation model, supply response, and factors affecting regional price. Findings reveal that data are consistent with the Rational Expectation Hypothesis. Urban pressure played a major role in shifting supply response while shipments from competing areas had a modest impact on regional production or price. The positive elasticity of producers' revenue with respect to local production highlights the aggregate benefits of increasing yields.


Issue Date:
1987-04
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/28890
Published in:
Northeastern Journal of Agricultural and Resource Economics, Volume 16, Number 1
Page range:
35-43
Total Pages:
9




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

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