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Quarterly Estimates Of The Demand And Price Structure For Meat In New South Wales

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  • Marceau, Ian W.

Abstract

Multiple regression estimates of demand and price relationships for fresh beef, lamb and mutton in the N.S.W. livestock auction, wholesale, and retail markets during the period from January 1951 to June 1963 are presented. The results show that direct price elasticities of demand were negative, and of greatest absolute value in the retail market. Mutton is shown to have been a close substitute for beef and lamb, but the latter were not close substitutes with respect to price.

Suggested Citation

  • Marceau, Ian W., 1967. "Quarterly Estimates Of The Demand And Price Structure For Meat In New South Wales," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 11(1), pages 1-14, June.
    • Handle: RePEc:ags:ajaeau:22341
    DOI: 10.22004/ag.econ.22341
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    Cited by:

    1. Freebairn, John W., 1973. "Some Estimates of Supply and Inventory Response Functions for the Cattle and Sheep Sector of New South Wales," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 41(02-3), pages 1-38, June.
    2. Sibly, Hugh, 2002. "Loss averse customers and price inflexibility," Journal of Economic Psychology, Elsevier, vol. 23(4), pages 521-538, August.
    3. Jane Murray, 1984. "Retail Demand for Meat in Australia: A Utility Theory Approach," The Economic Record, The Economic Society of Australia, vol. 60(1), pages 45-56, March.
    4. Zhao, Xueyan & Mullen, John D. & Griffith, Garry R. & Griffiths, William E. & Piggott, Roley R., 2000. "An Equilibrium Displacement Model of the Australian Beef Industry," Research Reports 28007, New South Wales Department of Primary Industries Research Economists.
    5. E.J. Roberts, 1990. "The Demand for Meat: Part III," Economics Discussion / Working Papers 90-13, The University of Western Australia, Department of Economics.
    6. J. W. Freebairn, 1976. "The Value and Distribution of the Benefits of Commodity Price Outlook Information," The Economic Record, The Economic Society of Australia, vol. 52(2), pages 199-212, June.
    7. Bartley, Scott & Ball, Katrina & Weeks, Peter, 1988. "Household Meat Consumption in Sydney and Melbourne," Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Archive 316163, Australian Government, Australian Bureau of Agricultural and Resource Economics and Sciences.
    8. Hugh Sibly, 1995. "Price Dynamics in Repeat‐Purchase Markets," The Economic Record, The Economic Society of Australia, vol. 71(2), pages 179-190, June.
    9. Richardson, Robert A., 1976. "Structural Estimates Of Domestic Demand For Agricultural Products In Australia: A Review," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 44(03), pages 1-30, September.
    10. Vere, David T. & Griffith, Garry R., 1988. "Supply and Demand Interactions in the New South Wales Prime Lamb Market," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 56(03), pages 1-19, December.
    11. Chenhall, D. & Fraser, R.W. & Lloyd-Smith, J., 1990. "Beef Quality Preferences in Western Australia," Discussion Papers 232272, University of Western Australia, School of Agricultural and Resource Economics.
    12. C. D. Throsby, 1974. "A Quarterly Econometric Model of the Australian Beef Industry," The Economic Record, The Economic Society of Australia, vol. 50(2), pages 199-217, June.
    13. Harrison, Ian & Richardson, Bob, 1980. "Table and Manufacturing Quality Beef Cattle Price Relationships in Australia," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 48(03), pages 1-16, December.
    14. Mullen, John D. & Alston, Julian M., 1995. "The Impact on the Australian Lamb Industry of Producing Larger Leaner Lamb," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 62(01), pages 1-19, April.

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    Keywords

    Demand and Price Analysis;

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