Studying composite demand using scanner data: the case of ground beef in the US

This article reports tests of aggregation over elementary ground beef products and estimates composite demand elasticities. Results suggest that we obtain reliable information on consumers’ actual ground beef purchases by grouping data according to either lean percentage or brand type. The results a...

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Bibliographic Details
Published in:Agricultural economics 2012-11, Vol.43 (s1), p.49-57
Main Authors: Schulz, Lee L, Schroeder, Ted C, Xia, Tian
Format: Article
Language:English
Subjects:
Aggregation
agricultural policy
beef demand
demand elasticities
Elasticity of demand
Food irradiation
Generalized Composite Commodity Theorem
ground beef
Q13
Q18
R32
Studies
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Summary:This article reports tests of aggregation over elementary ground beef products and estimates composite demand elasticities. Results suggest that we obtain reliable information on consumers’ actual ground beef purchases by grouping data according to either lean percentage or brand type. The results also suggest that we obtain reliable information by using the data to form a single ground beef composite. By testing for valid aggregates and providing estimates of composite demand elasticities the analysis provides economists and policymakers with information regarding the effects of food and agricultural policies on consumers and producers that buy and produce ground beef.
ISSN:0169-5150
1574-0862
DOI:10.1111/j.1574-0862.2012.00619.x