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000030958 037__ $$a1835-2016-148948
000030958 037__ $$a1835-2016-149834
000030958 041__ $$aen
000030958 245__ $$aQUANTIFYING THE EFFECTS OF NEW PRODUCT DEVELOPMENT: THE CASE OF LOW-FAT GROUND BEEF
000030958 260__ $$c1993-12
000030958 269__ $$a1993-12
000030958 300__ $$a12
000030958 336__ $$aJournal Article
000030958 446__ $$aEnglish
000030958 520__ $$aLow-fat ground beef (LFGB) is a new product designed to be as palatable as beef products that contain significantly higher levels of fat. A hedonic model shows that each unitary increase in the leanness of ground beef products carries a price premium of $.0206/lb. If LFGB garners a 10% share of the ground beef market, the retail price of all ground beef products will increase by $.01/lb. and consumption will increase by 39.75 million lbs. The price of commercial cows will increase by $.56/cwt. Price quantity, and welfare measures are magnified as the market share captured by LFGB increases.
000030958 650__ $$aAgribusiness
000030958 700__ $$aBrester, Gary W.
000030958 700__ $$aLhermite, Pascale
000030958 700__ $$aGoodwin, Barry K.
000030958 700__ $$aHunt, Melvin C.
000030958 773__ $$dDecember 1993$$jVolume 18$$kNumber 2$$o250$$q239$$tJournal of Agricultural and Resource Economics
000030958 8564_ $$s982438$$uhttp://ageconsearch.umn.edu/record/30958/files/18020239.pdf
000030958 887__ $$ahttp://purl.umn.edu/30958
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  Previous issue date: 1993-12
000030958 982__ $$gJournal of Agricultural and Resource Economics>Volume 18, Number 02, December 1993
000030958 980__ $$a1835