Files
Abstract
Foreword: A number of studies have examined the demand for food in the European Community (EC) and Japan, the two major trading partners of the United States, covering the post World War II period to the mid-1970's. Many also conducted projection exercises of supply and demand for agricultural product with 1985 being the latest year. This paper reviews the literature concerned with measuring the retail consumer demand response for livestock products with respect to changes in income and prices. Almost 50 studies presenting numerical estimates of demand elasticities were reviewed. The paper is in three parts. The first part provides some general information on the studies reviewed and an interpretation of their results. The second part summarizes the demand sections of the studies that give information on methodology, economic assumptions, and variable descriptions used by the authors. The reader may wish to refer to these summaries as an aid in using the tables. For convenience, the studies are differentiated by whether they pertain to one country or to more than one (multi-country studies). The third part of the report presents the elasticities of demand for income and price in two tabular sections—one for meat and one for dairy products. The compilation tables list the demand elasticities by author in alphabetical order. A key to the tables appears on pages 36-37.