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Correcting for Measurement Error in Food Demand Estimation

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  • Brester, Gary W
  • Wohlgenant, Michael K

Abstract

Use of disappearance data as proxies for actual consumption causes inconsistent estimates of own-price retail demand elasticities. A system of equations describing consumer, processor, and producer behavior is used to consistently estimate the retail demand elasticity for beef using available data while avoiding the restrictive assumption of fixed input proportions implicit in disappearance data. This approach yields an estimate of the own-price retail demand elasticity for beef of -0.45, which is more inelastic than the estimate (-0.66) obtained using a traditional approach. The methodology is applicable to other food commodities for which disappearance data serve as proxies for actual consumption. Copyright 1993 by MIT Press.

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  • Brester, Gary W & Wohlgenant, Michael K, 1993. "Correcting for Measurement Error in Food Demand Estimation," The Review of Economics and Statistics, MIT Press, vol. 75(2), pages 352-356, May.
    • Handle: RePEc:tpr:restat:v:75:y:1993:i:2:p:352-56
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    Citations

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    Cited by:

    1. Chanjin Chung & Seongjin Park & Jungmin Lee, 2018. "Estimating bilateral market power of processors and retailers in the U.S. beef industry," Agribusiness, John Wiley & Sons, Ltd., vol. 34(4), pages 771-792, October.
    2. Dhraief, Mohamed Zied & Oueslati, Meriem & Dhehibi, Boubaker, 2012. "Meat And Fish Demand In Tunisia: Economic And Socio-Demographic Factors Effects," 2012 Conference, August 18-24, 2012, Foz do Iguacu, Brazil 126710, International Association of Agricultural Economists.
    3. Davis, George C., 2001. "Confirmation And Falsification Of Equilibrium Displacement Models," 2001 Annual meeting, August 5-8, Chicago, IL 20525, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    4. Chanjin Chung & Youg Sook Eom & Byung Woo Yang, 2014. "Optimal Generic Advertising under Bilateral Imperfect Competition between Processors and Retailers," Agribusiness, John Wiley & Sons, Ltd., vol. 30(4), pages 438-455, September.
    5. Wilson, Christine A. & Marsh, Thomas L., 2005. "The Impacts Of Demographics And Health Information On Meat Demand," Staff Papers 28671, Purdue University, Department of Agricultural Economics.
    6. Dhraief, Mohamed Zied & Oueslati, Meriem & Dhehibi, Boubaker, 2013. "Income, Education and Age Effects on Meat and Fish Demand in Tunisia," International Journal of Food and Agricultural Economics (IJFAEC), Alanya Alaaddin Keykubat University, Department of Economics and Finance, vol. 1(2), pages 1-12.
    7. Shang, Xia & Tonsor, Glynn T., 2017. "Food safety recall effects across meat products and regions," Food Policy, Elsevier, vol. 69(C), pages 145-153.
    8. Abid A. Burki, 1997. "Estimating Consumer Preferences for Food, Using Time Series Data of Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 36(2), pages 131-153.
    9. Holloway, Garth J. & Hertel, Thomas W. & Han, Frank M., 1997. "Does Market Power Matter?," Working Papers 225884, University of California, Davis, Department of Agricultural and Resource Economics.
    10. Chung, Chanjin & Henneberry, Shida Rastegari & Tostao, Emilio, 2004. "Will The Voluntary Checkoff Program Be The Answer? An Analysis Of Optimal Advertising And Free-Rider Problem In The U.S. Beef Industry," 2004 Annual Meeting, February 14-18, 2004, Tulsa, Oklahoma 34694, Southern Agricultural Economics Association.

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