FUNCTIONAL FORMS AND THE DEMAND FOR MEAT IN THE UNITED STATES.
Many studies have been made on the demand function for meat, often using two functional forms. The first is the linear formulation in which the quantity demanded is assumed to be a linear function of the explanatory variables. The second is the logarithmic formulation in which all the variables are...
| Publicado en: | Review of Economics & Statistics Vol. 59; no. 3; pp. 355 - 360 |
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| Formato: | Artículo |
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MIT Press
Aug77
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=4650117&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 4650117 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 00346535 RMS jtl: Review of Economics & Statistics issn: 00346535 maglogo: N pubinfo: dt: Aug77 vid: 59 iid: 3 pid: 776 pub: MIT Press artinfo: ui: 4650117 10.2307/1925054 ppf: 355 ppct: 5 formats: tig: atl: FUNCTIONAL FORMS AND THE DEMAND FOR MEAT IN THE UNITED STATES. aug: au: Hui-shyong Chang su: Economic demand Meat Meat industry Demand function Estimation theory Mathematical functions Mathematics Supply & demand Mathematical variables United States sug: subj: United States Economic demand Meat Meat industry Demand function Estimation theory Mathematical functions Mathematics Supply & demand Mathematical variables ab: Many studies have been made on the demand function for meat, often using two functional forms. The first is the linear formulation in which the quantity demanded is assumed to be a linear function of the explanatory variables. The second is the logarithmic formulation in which all the variables are transformed into the log form. Since there is no a priori rationale for the choice of one or the other form, choice between the two is often difficult. In addition, the use of one form or the other might have implications that are either highly restrictive or inconsistent with theoretical considerations or actual experience. The purpose of this paper is to adopt a more general functional form for the demand for meat and use the maximum likelihood method to estimate parameters in the general form. The linear and log formulations will also be examined. In the next section, the general functional form and the estimation approach will be introduced. Empirical results will be presented in the third section. In the last section, a brief summary and conclusion will be given. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y dt: @attributes: year: 1977 holdings: @attributes: islocal: N |
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