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)
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)
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