Impact of fresh grapefruit quality on demand

Mark G. Brown and Jonq-Ying Lee

No 52821, Research papers from Florida Department of Citrus

Abstract: This study incorporates quality into the Rotterdam demand system based on utility theory. Quality was modeled through its impact on marginal utility via perceived prices, following theoretical work by Basemann and Barten, among others. Results show that the price elasticity of fresh grapefruit demand is near unitary at the retail level and juice content has had relatively large impacts on fresh grapefruit demand.

Keywords: Agribusiness; Demand and Price Analysis (search for similar items in EconPapers)
Pages: 22
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:ags:fdcrrp:52821

DOI: 10.22004/ag.econ.52821

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