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Simultaneity and Structural Change in US Meat Demand

Author

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  • Eales, James S.
  • Unnevehr, Laurian J.
Abstract
An inverse of the Almost Ideal Demand system, the IAIDS, is developed in order to test the endogeneity of prices and quantities in the U.S. meat demand system. The IAIDS has all the desirable theoretical properties of the AIDS except aggregation from the micro to the market level. Using annual data, both prices and quantities appear to be endogenous within the entire meat market. Including livestock production costs and technocal change indicators as instruments eliminates evidence of a mid-1970s demand change.

Suggested Citation

  • Eales, James S. & Unnevehr, Laurian J., 1992. "Simultaneity and Structural Change in US Meat Demand," Staff Paper Series 232525, University of Alberta, Department of Resource Economics and Environmental Sociology.
    • Handle: RePEc:ags:ualbsp:232525
    DOI: 10.22004/ag.econ.232525
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    Cited by:

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    16. Richards, Timothy J. & Gao, X.M. & Patternson, Paul M., 1996. "Branded and Generic Promotion in a Complex Carbohydrate Demand System: A Structural Latent Variable Approach to Promotion Evaluation," Economic Evaluation of Commodity Promotion Programs in the Current Legal and Political Environment, October 7-8, 1996, Monterey, California 279667, Regional Research Projects > NECC-63: Research Committee on Commodity Promotion.
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    22. Roheim, Cathy A. & Zhang, Dengjun, 2018. "Sustainability certification and product substitutability: Evidence from the seafood market," Food Policy, Elsevier, vol. 79(C), pages 92-100.

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