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Effects of Measurement Error in Disappearance Data on Estimated Demand Elasticities for Keats

Gary W. Brester and Michael K. Wohlgenant

No 271039, 1990 Annual meeting, August 5-8, Vancouver, Canada from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The traditional approach of using USDA disappearance data as a proxy for per capita consumption in estimating retail demand elasticities for meats results in biased elasticity estimates. A new procedure for obtaining unbiased estimates is developed that does not impose the assumption of fixed proportions technology in the processing sector.

Keywords: Demand and Price Analysis; Livestock Production/Industries (search for similar items in EconPapers)
Pages: 42
Date: 1990-08-05
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea90:271039

DOI: 10.22004/ag.econ.271039

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