U.S. POTATO DEMAND: STATIC AND DYNAMIC CHARACTERISTICS

Edmund Estes, Leroy Blakeslee and Ron Mittelhammer ()

No 278372, 1979 Annual Meeting, July 29-August 1, Pullman, Washington from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Aggregate demand relationships for the U.S. potato industry are estimated by two-stage least squares. Demands were found to be price inelastic suggesting that abrupt changes in production cause major inverse price effects. Secular demand shifts are relatively rapid. Together these suggest opportunities for expanded production but a need for careful planning to avoid price depressing effects from even moderately excessive production growth.

Keywords: Demand; and; Price; Analysis (search for similar items in EconPapers)
Pages: 14
Date: 1979-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea79:278372

DOI: 10.22004/ag.econ.278372

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