Empirical Economics

, Volume 10, Issue 2, pp 65–89 | Cite as

Consumer demand for meat and the evaluation of agricultural policy

  • R. Anderson
  • M. Wilkinson
Article
  • 57 Downloads

Abstract

This study utilizes an econometric model of equilibrium in the U.S. livestock and feedgrain markets to investigate a number of questions of economic methodology and policy. Both nonlinear consumer demand equations that obey the constraints of neoclassical demand theory and a model of supply are used. This approach allows for the measurement of the effects on consumer welfare of actual government policies. In particular, the model is employed to analyze the welfare effects of an actual policy situation — the sale of U.S. grain to the Soviet Union in the third quarter of 1972.

Keywords

Economic Theory Government Policy Econometric Model Actual Policy Agricultural Policy 

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Copyright information

© Physica-Verlag 1985

Authors and Affiliations

  • R. Anderson
    • 1
  • M. Wilkinson
    • 2
  1. 1.Graduate CenterCity University of New YorkUSA
  2. 2.Graduate School of BusinessColumbia UniversityNew YorkUSA

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