SUPPLY RESPONSE IN THE NORTHEASTERN FRESH TOMATO MARKET

Rigoberto Lopez and Arnold O. Munoz

Northeastern Journal of Agricultural and Resource Economics, 1987, vol. 16, issue 01, 9

Abstract: This paper examines the forces that affected the Northeastern fresh tomato supply in the post-WWII period. A simultaneous equation model is developed which incorporates a composite price expectation model, supply response, and factors affecting regional price. Findings reveal that data are consistent with the Rational Expectation Hypothesis. Urban pressure played a major role in shifting supply response while shipments from competing areas had a modest impact on regional production or price. The positive elasticity of producers' revenue with respect to local production highlights the aggregate benefits of increasing yields.

Keywords: Demand; and; Price; Analysis (search for similar items in EconPapers)
Date: 1987
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:nejare:28890

DOI: 10.22004/ag.econ.28890

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