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An Examination of Demand Functions for Beef, Pork, and Broilers

Published online by Cambridge University Press:  10 May 2017

John F. Yanagida  and
Roger K. Conway
John F. Yanagida
Affiliation:
Forecast Support Group, Commodity Economics Division, U.S. Department of Agriculture
Roger K. Conway
Affiliation:
Forecast Support Group, Commodity Economics Division, U.S. Department of Agriculture
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Extract

Empirical research on single equation, competitive demand models has employed either price dependent or quantity dependent forms. The price dependent models assume that total output is predetermined in the short-run due to the role of past prices and to production cycles as the case of the livestock industry (Heien). On the other hand, quantity dependency can be described as a supply response system.

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Type
Contributed Papers
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Journal of the Northeastern Agricultural Economics Council , Volume 8 , Issue 2 , October 1979 , pp. 299 - 311
Copyright
Copyright © Northeastern Agricultural and Resource Economics Association 

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Footnotes

The authors wish to give special thanks to John Baritelle for suggestions and support throughout this research process and acknowledge suggestions from Harry Baumes Jr., Lloyd Teigen, and an anonymous referee.

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