000030719 001__ 30719
000030719 005__ 20250206161939.0
000030719 0247_ $$2doi$$a10.22004/ag.econ.30719
000030719 037__ $$a1835-2016-149193
000030719 037__ $$a1835-2016-149943
000030719 041__ $$aeng
000030719 245__ $$aCommercial Disappearance and Composite Demand for Food with an Application to U.S. Meats
000030719 260__ $$c2003-04
000030719 269__ $$a2003-04
000030719 300__ $$a18
000030719 336__ $$aJournal Article
000030719 520__ $$aWhen elementary prices move strictly proportionately, aggregation over a group of diverse products is valid, and group demand responses can be decomposed into quality and quantity responses. This study shows that when relative elementary prices and group prices are stochastically independent, a similar decomposition is valid. Empirical results suggest consumers respond to changes in prices and income mostly by altering the quality of meat products. These findings imply that using commercial disappearance as a proxy for food demand can be misleading for policy analysis. 

Key words: commodity aggregation, Composite Commodity Theorem, composite demand, Generalized Composite Commodity Theorem, quantity-quality decomposition
000030719 546__ $$aEnglish
000030719 650__ $$aDemand and Price Analysis
000030719 6531_ $$acommodity aggregation
000030719 6531_ $$aComposite Commodity Theorem
000030719 6531_ $$acomposite demand
000030719 6531_ $$aGeneralized Composite Commodity Theorem
000030719 6531_ $$aquantity-quality decomposition
000030719 700__ $$aReed, Albert J.
000030719 700__ $$aLevedahl, J. William
000030719 700__ $$aClark, J. Stephen
000030719 773__ $$q53$$o70$$tJournal of Agricultural and Resource Economics$$j28$$k01$$dApril 2003
000030719 8564_ $$9eaaa1cef-4891-4b60-987b-a3d25ec79079$$s1820484$$uhttps://ageconsearch.umn.edu/record/30719/files/28010053.pdf
000030719 887__ $$ahttp://purl.umn.edu/30719
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  Previous issue date: 2003-04
000030719 980__ $$a1835
000030719 982__ $$gJournal of Agricultural and Resource Economics>Volume 28, Number 01, April 2003