APPLICATION OF PRICE ELASTICITIES TO FARM POLICY ANALYSIS: COMMENT

Demand and Price Analysis,

ESTIMATING THE EFFECT OF HOUSEHOLD AGE-SEX COMPOSITION ON FOOD EXPENDITURES

Food Consumption/Nutrition/Food Safety,

SPLINE FUNCTIONS: AN ALTERNATIVE TO ESTIMATING INCOME-EXPENDITURE RELATIONSHIPS FOR BEEF

Demand and Price Analysis,

CONSUMER PREFERENCES AND EVALUATIONS OF A PROCESSED MEAT PRODUCT

Consumer/Household Economics,

HOUSEHOLD FLUID MILK EXPENDITURE PATTERNS IN THE SOUTH AND UNITED STATES

Food Consumption/Nutrition/Food Safety,

A PROBABILISTIC APPROACH TO ESTIMATING AGGREGATE REGIONAL DEMAND FOR BROILER MEAT

Demand and Price Analysis,

CROSS-SECTIONAL ESTIMATION OF U.S. DEMAND FOR BEEF PRODUCTS: A CENSORED SYSTEM APPROACH

Demands for beef products are investigated using the U.S. Department of AgricultureÂ’'s 1987-88 Nationwide Food Consumption Survey data. The censored translog demand system is estimated with full-information and simulated maximum-likelihood procedures. These procedures represent different approaches to evaluation of multiple probability integrals in the likelihood function, but produce very similar parameter and elasticity estimates. Findings suggest sociodemographic variables play important roles in the demand for beef, and that demand for different cuts of beef should be treated differently.Demand and Price Analysis,

HOUSEHOLD DEMAND FOR FINFISH: A GENERALIZED DOUBLE-HURDLE MODEL

This study estimates household demand for finfish in the United States using a limited dependent variable model that accounts for both participation and consumption decisions and also accommodates nonnormal heteroskedastic errors. Results suggest that own-price elasticity is near unitary and income elasticity is small. Price of finfish, shopping frequency, Northeast, Black and other non-Whites, and the life-cycle variable “"young, single, no children”" are they key factors that affect significantly both the probability of participation and the level of finfish consumption. Furthermore, a variable may exert opposite effects on the probability and level of consumption.Consumer/Household Economics, Demand and Price Analysis,

ESTIMATION OF A DEMAND SYSTEM WITH LIMITED DEPENDENT VARIABLES

The study employs the full-information maximum-likelihood method to estimate a censored translog demand system. U.S. household consumption of steak, roast, and ground beef are used to demonstrate the application of the estimation procedure. The proposed methodology produces more efficient estimates than the popular two-step procedures found in demand literature.Demand and Price Analysis,

Estimation of a Composite Food Demand System for the United States—A Revisit

We revisit the composite food demand system for the United States covering the period from 1953 to 2008. We were unable to produce elasticity measures that are as close or similar to those reported in Huang and Haidacher (1983), although the same demand system specification was employed. Our results based on the more recent data set of 1982-2008 show that most of the own-price elasticities are negative and statistically significant, varying from -.1861 (poultry) to -.9476 (nonfood). In general, the estimated own-price elasticities appear to be smaller in magnitude or more inelastic than previously reported. In contrast, we estimate the significant income elasticities for food vary from .5172 (dairy) to 4.6687 (fish), while Huang and Haidaicher (1983) report their income elasticities to vary from -.6343 (fruits) to .5748 (fats & oils). The estimated income elasticities for nonfood group appear to remain fairly constant among different studies, ranging from 1.0407 to1.2035.Differential-form demand system, iterative seemingly unrelated regression, Engel aggregation, Homogeneity, Symmetry, Uncompensated and compensated elasticities, Demand and Price Analysis, Food Consumption/Nutrition/Food Safety,