MEAT DEMAND IN THE UK: A DIFFERENTIAL APPROACH

Panos Fousekis and Brian J. Revell

Journal of Agricultural and Applied Economics, 2000, vol. 32, issue 01, 9

Abstract: A differential approach is employed to analyze demand for meat in the United Kingdom during 1989-99. Differential demand systems with fixed price effects (Rotterdam and CBS) better explain consumers- retail purchase allocation decisions for beef, lamb, pork, bacon and poultry compared with models containing variable price effects (NBR and differential AIDS). The real expenditures and the Hicksian demand elasticities are generally found to be quite different from earlier studies using AIDS models. A quality change index of meat consumption is constructed from the estimated CBS model estimation results and decomposed into real expenditure, substitution, trend, seasonal and residual effects.

Keywords: Demand; and; Price; Analysis (search for similar items in EconPapers)
Date: 2000
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Citations: View citations in EconPapers (9)

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Journal Article: Meat Demand in the UK: A Differential Approach (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:joaaec:15401

DOI: 10.22004/ag.econ.15401

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