An Inverse Demand System for U.S. Composite Foods

Kuo Huang

American Journal of Agricultural Economics, 1988, vol. 70, issue 4, 902-909

Abstract: This article provides a theoretically consistent framework for estimating a complete price dependent demand system, where the concept of distance function and its related substitution and scale effects are used. The approach is applied to a U.S. demand system consisting of thirteen food and one nonfood categories.

Date: 1988
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:70:y:1988:i:4:p:902-909.

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