Estimation Of Supply And Demand Elasticities Of California Commodities
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Author | : Richard D. Green |
Publisher | : |
Total Pages | : |
Release | : 2008 |
Genre | : |
ISBN | : |
Download Estimation of Supply and Demand Elasticities of California Commodities Book in PDF, Epub and Kindle
Author | : Santeramo, Fabio Gaetano |
Publisher | : Intl Food Policy Res Inst |
Total Pages | : 29 |
Release | : |
Genre | : Social Science |
ISBN | : |
Download On the Estimation of Supply and Demand Elasticities of Agricultural Commodites Book in PDF, Epub and Kindle
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.
Author | : Karl A. Fox |
Publisher | : |
Total Pages | : 494 |
Release | : 1954 |
Genre | : Farm produce |
ISBN | : |
Download The Demand for Farm Products Book in PDF, Epub and Kindle
Author | : Michael Adjemian |
Publisher | : |
Total Pages | : 0 |
Release | : 2020 |
Genre | : |
ISBN | : |
Download Using Usda Forecasts to Estimate the Price Flexibility of Demand for Agricultural Commodities Book in PDF, Epub and Kindle
We estimate the general equilibrium price flexibility of demand for corn and soybeans using monthly changes in expected supply published by the USDA. Our estimates reflect the demand response to a one-year supply shock and thus correspond to the inverse demand elasticity. We derive the conditions under which our estimates are consistent, and we show how demand flexibility varies by season, inventory, time horizon, and demand composition. At average inventory and without accounting for corn-ethanol use, we obtain price flexibility estimates of -1.35 and -1.03 for corn and soybeans, respectively. Current corn-ethanol production levels are associated with much larger absolute flexibilities for both commodities.
Author | : Guillermo Flichman |
Publisher | : Springer Science & Business Media |
Total Pages | : 227 |
Release | : 2011-09-15 |
Genre | : Business & Economics |
ISBN | : 9400719027 |
Download Bio-Economic Models applied to Agricultural Systems Book in PDF, Epub and Kindle
This book has the purpose of providing the "state of the arts" concerning bio-economic modelling dealing with agricultural systems. In most cases, the contributions use a methodology combining the use of biophysical and economic models, in all cases, an engineering production function approach is totally or partially applied. This practice is being developed in the last years as a response to concrete policy matters: agricultural policies are increasingly combined with environmental and natural resources policies, and this reality involves the need of an integrated assessment, that current economic models are not able to provide.
Author | : |
Publisher | : |
Total Pages | : 42 |
Release | : 2009 |
Genre | : Agriculture |
ISBN | : |
Download Estimating the Economic Impacts of Agricultural Yield Related Changes for California Book in PDF, Epub and Kindle
Author | : Bonnie G. Colby |
Publisher | : Routledge |
Total Pages | : 289 |
Release | : 2012-06-25 |
Genre | : Technology & Engineering |
ISBN | : 1136521933 |
Download Adaptation and Resilience Book in PDF, Epub and Kindle
In America's arid southwest, climate change will occur in the context of already-keen competition for water for agriculture, urban growth, electricity generation, water-based recreation, and environmental protections. This book explores the challenges that climate change and variability pose for water and energy managers and users, communities, and policy makers in the arid Southwest and demonstrates the application of economic methods to address these challenges. It provides valuable tools for both those interested in resource management and climate change, and those seeking to understand how economic methods can be used to analyze contemporary social problems and craft appropriate responses. The book considers both adaptation to long-term climate change and more immediate issues of water and electricity management in the face of inter-annual climate variability and drought. Thus, no matter what one's perspective on long-run climate change projections, the book provides useful lessons for some of the region's most pressing resource management problems.
Author | : Albert Reed |
Publisher | : |
Total Pages | : 0 |
Release | : 2010 |
Genre | : |
ISBN | : |
Download The Generalized Composite Commodity Theorem and Food Demand Estimation Book in PDF, Epub and Kindle
This article reports tests of aggregation over consumer food products and estimates of aggregate food demand elasticities. Evidence that food demand variables follow unit root processes leads us to build on and simplify existing tests of the Generalized Composite Commodity Theorem. We compute food demand elasticities using a method of cointegration that is shown to apply to a convenient but nonlinear functional form. Estimates are based on consumer reported expenditure data rather than commercial disappearance data.
Author | : |
Publisher | : |
Total Pages | : |
Release | : 1974 |
Genre | : |
ISBN | : |
Download Survey of Commodity Demand and Supply Elasticities Book in PDF, Epub and Kindle
Author | : Albert J. Reed |
Publisher | : |
Total Pages | : 0 |
Release | : 2020 |
Genre | : |
ISBN | : |
Download The Generalized Composite Commodity Theorem and Food Demand Estimation Book in PDF, Epub and Kindle
This article reports tests of aggregation over consumer food products and estimates of aggregate food demand elasticities. Evidence that food demand variables follow unit root processes leads us to build on and simplify existing tests of the Generalized Composite Commodity Theorem. We compute food demand elasticities using a method of cointegration that is shown to apply to a convenient but nonlinear functional form. Estimates are based on consumer reported expenditure data rather than commercial disappearance data.