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Effect of Length of Time on Measured Demand Elasticities: The Problem Revisited

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  • Oral Capps Jr.
  • Rodolfo M. Nayga Jr.

Abstract

This study centers attention on the effect of varying lengths of time (weekly, biweekly, monthly observations) on measured demand elasticities for disaggregate fresh beef products. Parameter estimates and elasticities based on monthly data differ from those based on biweekly or weekly data. Generally, inventory adjustment dominates with the latter time intervals. On the other hand, for three of the six disaggregate fresh beef products analyzed, habit formation is the dominating effect with monthly data.
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  • Oral Capps Jr. & Rodolfo M. Nayga Jr., 1990. "Effect of Length of Time on Measured Demand Elasticities: The Problem Revisited," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 38(3), pages 499-512, November.
    • Handle: RePEc:bla:canjag:v:38:y:1990:i:3:p:499-512
    DOI: j.1744-7976.1990.tb00862.x
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    1. Lester V. Manderscheid, 1964. "Some Observations on Interpreting Measured Demand Elasticities," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 46(1), pages 128-136.
    2. E. C. Pasour & R. A. Schrimper, 1965. "The Effect of Length of Run on Measured Demand Elasticities," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 47(3), pages 774-788.
    3. T. F. Funk & Karl D. Meilke & H. Bruce Huff, 1977. "Effects of Retail Pricing and Advertising on Fresh Beef Sales," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 59(3), pages 533-537.
    4. Michael K. Wohlgenant & William F. Hahn, 1982. "Dynamic Adjustment in Monthly Consumer Demands for Meats," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 64(3), pages 553-557.
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    Cited by:

    1. Maynard, Leigh J., 2000. "Empirical Tests Of The Argument That Consumers Value Stable Retail Milk Prices," Journal of Agribusiness, Agricultural Economics Association of Georgia, vol. 18(2), pages 1-18.
    2. Kehar Singh & Madan M. Dey & Prasanna Surathkal, 2014. "Seasonal and Spatial Variations in Demand for and Elasticities of Fish Products in the United States: An Analysis Based on Market-Level Scanner Data," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 62(3), pages 343-363, September.
    3. Seo, Seong-Cheon & Capps, Oral, Jr., 1997. "Testing For Store-Level Differences In Factors Affecting Item Movement Of Prego And Ragu Spaghetti Sauces Using Point-Of-Sale Data," Journal of Food Distribution Research, Food Distribution Research Society, vol. 28(3), pages 1-12, October.
    4. Capps, Oral, Jr., 1993. "Uses Of Supermarket Scan Data In Demand Analysis," Emerging Data Issues in Food Demand Analysis, Proceedings of the S216 Workshop, October 1993 11854, Regional Research Project S-278 Food Demand, Nutrition and Consumer Behavior.
    5. Nayga, Rodolfo M., Jr., 1992. "Scanner Data in Supermarkets: Untapped Data Source for Agricultural Economists," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 60(02), pages 1-8, August.
    6. AOUINI, Syrine & Gil, Jose M., 2017. "Innovation and Brand Effects on the Consumers’ Demand for Fresh Milk in Spain," 2017 Annual Meeting, July 30-August 1, Chicago, Illinois 258131, Agricultural and Applied Economics Association.
    7. Price, David W. & Gislason, Conrad, 2001. "Identification of habit in Japanese food consumption," Agricultural Economics, Blackwell, vol. 24(3), pages 289-295, March.
    8. Erikson, Glade R. & Wahl, Thomas I. & Jussaume, Raymond A., Jr. & Shi, Hongqi, 1998. "Product Characteristics Affecting Consumers' Fresh Beef Cut Purchasing Decisions In The United States, Japan, And Australia," Journal of Food Distribution Research, Food Distribution Research Society, vol. 29(3), pages 1-10, November.
    9. Hellali, Wajdi & Kallas, Zein & Gil, José María, 2015. "Consumer’s revealed preferences for yogurt purchase in Catalonia: A Generalized Multinomial Logit Approach," 148th Seminar, November 30-December 1, 2015, The Hague, The Netherlands 229263, European Association of Agricultural Economists.

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