A Random Coefficient Meat Demand Model

William Hahn ()

Journal of Agricultural Economics Research, 1994, vol. 45, issue 3, 10

Abstract: The stability of the US consumer demand for meat has been a popular topic for journal articles I show that econometric models imply that demand is fundamentally unstable. A good way to build taste instability into econometric demand equations is to specify them as random coefficient models. I estimate a random coefficient model of meat demand and find significant evidence that taste instability has caused fluctuations in the elasticities of demand for beef, pork, chicken, and turkey.

Keywords: Demand; and; Price; Analysis (search for similar items in EconPapers)
Date: 1994
References: Add references at CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
https://ageconsearch.umn.edu/record/137415/files/3Hahn_45_3.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:uersja:137415

DOI: 10.22004/ag.econ.137415

Access Statistics for this article

More articles in Journal of Agricultural Economics Research from United States Department of Agriculture, Economic Research Service Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().