FRAGILITY IN DAIRY PRODUCT DEMAND ANALYSIS

Leigh J. Maynard and Deyu Liu

No 21679, 1999 Annual meeting, August 8-11, Nashville, TN from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Several reasons justify the expectation of increasingly price elastic demand for dairy products. Using weekly scanner data, we find support for this hypotheses, but with wide variation in elasticity estimates across model specifications. The results demonstrate the need for more routine specification testing before basing recommendations on potentially fragile inferences.

Keywords: dairy products; demand analysis; scanner data; Demand and Price Analysis; Livestock Production/Industries (search for similar items in EconPapers)
Date: 1999
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