Download or read book On the Estimation of Supply and Demand Elasticities of Agricultural Commodites written by Santeramo, Fabio Gaetano and published by Intl Food Policy Res Inst. This book was released on with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: This AGRODEP Technical Note provides a literature review on the topic of estimation of demand and supply elasticities. To this end, it starts the discussion by summarizing the main facets of production theory and consumer theory to introduce the concept of elasticities, with examples of di fferent types of elasticities most utilized in the literature. Next, it discusses the identi fication problem in estimating elasticities, i.e. the issue of having to solve for unique values of the parameters of the structural model from the values of the parameters of the reduced form of the model. It summarizes various methodologies employed in the literature to solve this problem and gives practical examples. These solutions include, but are not limited to, using instrumental variables, adopting a recursive structure, holding demand constant, and imposing inequality constraints in order to restrict the domain of estimates.
Download or read book Identifying Supply and Demand Elasticities of Agricultural Commodities written by Michael J. Roberts and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: We present a new framework to identify demand and supply elasticities of agricultural commodities using yield shocks - deviations from a time trend of output per area, which are predominantly caused by weather fluctuations. Demand is identified using current-period shocks that give rise to exogenous shifts in supply. Supply is identified using past shocks, which affect expected future prices through inventory accretion or depletion. We use our estimated elasticities to evaluate the impact of ethanol subsidies and mandates on world food commodity prices, quantities, and food consumers' surplus. The current US ethanol mandate requires that about 5 percent of world caloric production from corn, wheat, rice, and soybeans be used for ethanol generation. As a result, world food prices are predicted to increase by about 30 percent and global consumer surplus from food consumption is predicted to decrease by 155 billion dollars annually. If a third of the biofuel calories are recycled as feed stock for livestock, the predicted price increase scales back to 20 percent. While commodity demand is extremely inelastic, price response is muted by a significant supply response that is obscured if futures prices are not instrumented. The resulting expansion of agricultural growing area potentially offsets the CO2 emission benefits from biofuels
Download or read book Estimation of Supply and Demand Elasticities of California Commodities written by Richard D. Green and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Elasticities In International Agricultural Trade written by Colin Carter and published by CRC Press. This book was released on 2019-04-24 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses a number of issues related to the estimation and application of elasticities in international agricultural trade. It is the outgrowth of renewed interest by researchers, traders, and others in quantifying those factors that affect international trade of agricultural products.
Download or read book Supply and Demand Elasticities for Major Agricultural Commodities in ThePhilippines written by Jacinta U. Estrada and published by . This book was released on 1991 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Demand for Farm Products written by Karl A. Fox and published by . This book was released on 1954 with total page 494 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Technical Bulletin written by and published by . This book was released on 1989 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Demand and Price Analysis written by Frederick Vail Waugh and published by . This book was released on 1964 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Approaches to Modeling Retail farm Price Spreads and Derived Demand Relationships for Food Commodities written by Michael Kurt Wohlgenant and published by . This book was released on 1991 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Market Interrelationships and Applied Demand Analysis written by Michael K. Wohlgenant and published by Springer Nature. This book was released on 2021-06-28 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: This textbook addresses the core issues facing economists concerning price determination in commodity markets, especially food and agricultural commodities. This book hones in on the conceptual basis of the various relationships, with special emphasis on market interrelationships, both horizontally and vertically. This book covers key concepts such as consumer demand theory; quality, heterogeneous goods, and cross section demand; derived demand, marketing margins, and relationship between output and raw material prices; retail-to-farm demand linkages, imperfect competition, and short-run price determination; dynamic consumer demand; and dynamic models of the firm. What makes this textbook of particular use to students is its focus on bridging the gap between theory and empirical analysis. Going from theory to empirics requires that we have data—time series or cross section—that match the theoretical constructs. Often the data match is not perfect, either by definition or how the data are computed. In addition to problems of matching data with theoretical constructs, students and researchers need to know how to specify, estimate, and interpret results within the context of imperfect and often incomplete data. This textbook uses several data sets to illustrate how one might address problems in real-world settings. Furthermore, with exercises at the end of each chapter, students are able to test themselves on their ability to bring theory to life.
Download or read book Computing Farm Level General Equilibrium Demand Elasticities for Agricultural Commodities written by Thomas Warren Hertel and published by . This book was released on 1989* with total page 101 pages. Available in PDF, EPUB and Kindle. Book excerpt: The policy relevance of farm level demand elasticities; Methodology; Specification of the general equilibrium model; Estimation of a consumer demand system; Estimation of an aggregate, Agricultura cost function; Farm level demand elasticities; Summary and conclusions.
Download or read book Agricultural Product Prices written by William G. Tomek and published by . This book was released on 1990 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Bacterial Wilt written by Glen Lee Hartman and published by State Mutual Book & Periodical Service. This book was released on 1993 with total page 381 pages. Available in PDF, EPUB and Kindle. Book excerpt: Phenotype, genothpe and phylogeny: identification and diagnostic methods; Host resistance; Molecular basis of virulence and pathogenicity; Disease management: biological and cultural methods; New and current reports; Plenary session reports: host resistance.
Download or read book Farm Level Demand Elasticities For Agricultural Commodities written by Agricultural Experiment Station, Purdue University, West Lafayette and published by . This book was released on 1989 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Price Elasticity of Export Demand written by Walter H. Gardiner and published by . This book was released on 1987 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Distributed Lags and Demand Analysis for Agricultural and Other Commodities written by Marc Nerlove and published by . This book was released on 1958 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Agricultural Price Analysis written by Geoffrey Seddon Shepherd and published by . This book was released on 1968 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt:
