Elasticities for U.S. Wheat Food Use by Class

We conceptualize wheat for food use as an input into flour production and derive demand functions to quantify price responsiveness and economic substitutability across wheat classes. Cost, price, and substitution elasticities are estimated for hard red winter, hard red spring, soft red wheat, soft white winter, and durum wheat. In general, hard red winter and spring wheat varieties are much more responsive to their own price than are soft wheat varieties and durum wheat. Morishima elasticities indicate that hard red winter and hard red spring wheat are economic substitutes for milling purposes.elasticities, wheat by class, economic substitution, Monte Carlo, Food Consumption/Nutrition/Food Safety, C15, C30, Q11,

WHOLESALE DEMAND FOR USDA QUALITY GRADED BOXED BEEF AND EFFECTS OF SEASONALITY

This study quantifies the differential in demand between different USDA quality grades of beef and the interaction between quality graded beef and other meats. We provide estimates of meat retailer own and cross price demand elasticities for USDA Choice and Select boxed beef. Results indicate that meat retailers have more elastic demand for lower quality graded beef. Seasonal analysis indicates demand for both beef quality grades becomes highly price inelastic during the summer "cook-out" months. The two beef quality grades are strong substitutes during the fall and winter. However, Select beef is not a substitute for Choice beef in the spring and summer.beef, chicken, demand, pork, quality, USDA Choice, USDA Select, wholesale, Demand and Price Analysis,

VALUING CHARACTERISTICS OF TRANSFERABLE DEER HUNTING PERMITS IN KANSAS

The novel use of transferable deer hunting permits in Kansas has altered property rights to a traditionally government rationed good, providing the institutional framework and incentives for competitive market activity. This paper investigates how attributes of the permit itself, spatial determinants, and the socioeconomic characteristics of the consumer-hunter influence market price. Findings provide valuable insight into factors that are important to Kansas interest groups, its economy, and to structuring transferable permits for wildlife programs.Resource /Energy Economics and Policy,

SPATIAL HEDONIC ANALYSIS OF VETERINARIAN INCOME

We investigate a hedonic model for veterinarian income using survey data from the American Veterinarian Medical Association. Diagnostic testing indicates the presence of spatial autoregression in the hedonic income model, which is accounted for by incorporating a spatial component into the regression model. The results provide unique empirical findings about determinants of veterinarian income and spatial patterns, as well as insight useful for governments and academic institutions planning programs and the veterinarian industry.Teaching/Communication/Extension/Profession,

Impacts of Gluten Imports on U.S. Food Wheat Use

Gluten imports, wheat food demand, U.S., International Relations/Trade,

Welfare Implications of Washington Wheat Breeding Programs

We calculate the welfare effects of the WSU wheat breeding programs for producers and consumers in Washington State, Oregon, Idaho, the United States and the rest of the world. We develop a partial equilibrium multi-region, multi-product, multi-variety trade model for wheat that provides consumer, producer and total surplus for each wheat class and region. Our results provide evidence suggesting that WSU wheat breeding programs have increased welfare in Washington State, in the United States and the rest of the world.welfare, wheat breeding programs, economic surplus, partial equilibrium, Agribusiness, F14, F17, Q11, Q16, Q18,

Invasive Species Management: Foot-and-Mouth Disease in the U.S. Beef Industry

A conceptual bio-economic framework that integrates dynamic epidemiologicaleconomic processes was designed to analyze the effects of invasive species introduction on decision-making in a livestock sector (e.g., production and feeding). The framework integrates an epidemiological model, a dynamic livestock production model, domestic consumption, and international trade. The integrated approach captures producer and consumer responses to, and welfare outcomes of, livestock disease outbreaks, as well as alternative invasive species management policies. Scenarios of foot-and-mouth disease are simulated to demonstrate the usefulness of the framework in facilitating invasive species policy design.bio-economics, livestock, invasive species, foot-and-mouth disease, beef cattle production, Livestock Production/Industries,

Invasive Species Management: Foot-and-Mouth Disease in the U.S. Beef Industry

A conceptual bioeconomic framework that integrates dynamic epidemiological-economic processes was designed to analyze the effects of invasive species introduction on decision making in a livestock sector (e.g., production and feeding). The framework integrates an epidemiological model, a dynamic livestock production model, domestic consumption, and international trade. The integrated approach captures producer and consumer responses and welfare outcomes of livestock disease outbreaks, as well as alternative invasive species management policies. Scenarios of foot-and-mouth disease are simulated to demonstrate the usefulness of the framework in facilitating invasive species policy design.livestock, invasive species, foot-and-mouth disease, beef cattle production, Livestock Production/Industries,

Comparing Heterogeneous Consumption in US and Japanese Meat and Fish Demand

This article uses national, quarterly data to conduct an empirical analysis of pre-committed meat and fish demand by US and Japanese households using the Generalized Almost Ideal Demand System (GAIDS). US consumers are found to hold pre-committed demand for beef and pork, while Japanese consumers appear to possess significant pre-committed demand for beef and fish. This provides evidence to partly explain observed differences in Japanese and US consumer reactions to non-price and non-income effects in beef, pork, poultry, and fish. In addition, the first known empirical comparison of how the GAIDS and more traditional AIDS models assess meat and fish demand is offered with both in- and out-of-sample evaluations.US/Japanese meat demand, demand forecasting, food safety, Generalized Almost Ideal Demand System, pre-committed consumption, Demand and Price Analysis,

DERIVED DEMAND FOR WHEAT BY CLASS

To quantify price responsiveness and economic substitutability among wheat classes, derived demand functions were specified from a normalized quadratic profit function. Own-price and cross-price elasticities were estimated for hard red winter, hard red spring, soft wheat (combined red and white), and durum wheat. In general, soft wheat varieties were less responsive to their own price than were hard wheat varieties. Cross-price elasticities indicate that hard red winter wheat, hard red spring wheat, and soft wheat varieties are economic substitutes. Cross-price elasticities are different from those previously reported, which can have important policy implications.elasticities, normalized quadratic, substitution, Crop Production/Industries, Demand and Price Analysis,