A 'differential' differential demand system: an application to US meat demand

I present a 'differential' (threshold) Rotterdam demand model. I argue that a standard model, which holds parametric relationships constant across all sizes of shocks to prices and expenditures, may produce misleading elasticity estimates. This arises because consumers may react less or ev...

Full description

Saved in:
Bibliographic Details
Published in:Applied economics letters 2025-11, Vol.32 (20), p.2911-2916
Main Author: Goodwin, Barry
Format: Article
Language:English
Subjects:
Adjustment
Beef
Consumers
Expenditures
Meat
meat demand
Prices
regime switching model
Rotterdam model
threshold model
Transactions
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!