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Measuring the Effects of U.S. Meat Trade on Consumers' Welfare

Published online by Cambridge University Press:  28 April 2015

Kuo S. Huang
Kuo S. Huang*
Affiliation:
Economic Research Service, U.S. Department of Agriculture
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Abstract

A set of ordinary and inverse demand systems for U.S. quarterly meat consumption is estimated for use to measure the effects of U.S. meat trade on consumers' welfare. The approach is useful to incorporate all direct- and cross-commodity effects into price forecasting and the Hicksian compensating variation measurement.

Keywords

compensating variationordinary and inverse demand systems
Type
Articles
Information
Journal of Agricultural and Applied Economics , Volume 25 , Issue 1 , July 1993 , pp. 217 - 227
Copyright
Copyright © Southern Agricultural Economics Association 1993

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