Simultaneity and Structural Change in US Meat Demand

James S. Eales and Laurian Unnevehr

No 232525, Staff Paper Series from University of Alberta, Department of Resource Economics and Environmental Sociology

Abstract: An inverse of the Almost Ideal Demand system, the IAIDS, is developed in order to test the endogeneity of prices and quantities in the U.S. meat demand system. The IAIDS has all the desirable theoretical properties of the AIDS except aggregation from the micro to the market level. Using annual data, both prices and quantities appear to be endogenous within the entire meat market. Including livestock production costs and technocal change indicators as instruments eliminates evidence of a mid-1970s demand change.

Keywords: Consumer/Household Economics; Food Consumption/Nutrition/Food Safety (search for similar items in EconPapers)
Pages: 34
Date: 1992
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/232525/files/ualberta-staffpapers-92-03.pdf (application/pdf)

Related works:
Journal Article: Simultaneity and Structural Change in U.S. Meat Demand (1993)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:ualbsp:232525

DOI: 10.22004/ag.econ.232525

Access Statistics for this paper

More papers in Staff Paper Series from University of Alberta, Department of Resource Economics and Environmental Sociology Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().