A Market-Share Approach to the Foreign Demand for U. S. Cotton

Ghazi Sirhan and Paul R. Johnson

American Journal of Agricultural Economics, 1971, vol. 53, issue 4, 593-599

Abstract: Direct estimation of export and import demand elasticities has plagued analysts with statistical problems. Here it is proposed to adopt a market-share model for the estimation of such elasticities. The share of a market, rather than quantity, is considered to be a function of the prices of competitors in the market. Such elasticities have been estimated for U. S. cotton in the United Kingdom and West Germany. These elasticities are more in accord with a priori reasoning than previous estimates.

Date: 1971
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:53:y:1971:i:4:p:593-599.

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