Work

Estimating Interrelated Demands for Meats Using New Measures for Ground and Table Cut Beef

Year: 1991

Type: article

Abstract: Two systems of demand equations for meats ate estimated using traditional and new measures of ground and table cut beef. The choice of disaggregation has a significant impact on estimated demand elasticities for hamburger and table cuts. A multivariate version of the PE‐test is used as a nonnested test of the alternative specifications. The PE‐test is an appropriate nonnested specification test when the models in question have different (but related) dependent variables. The PE‐test rejects the nonfed beef model specification but does not reject the ground beef model, which uses the new measures of ground and table cut beef.

Source: American Journal of Agricultural Economics

DOI: 10.2307/1242446

Authors: Gary. W. Brester, Michael K. Wohlgenant

Institutions: Kansas State University, North Carolina State University

Language: English

Topic: Economics of Agriculture and Food Markets

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Zero hunger

Open Access status: green

OpenAlex ID: W2071772273

FWCI: 5.149

Cites: 19

Cited by: 58

Related to: 10