Residential College | false |
Status | 已發表Published |
Consumption dynamics in inverse demand systems: an application to meat and fish demand in Korea | |
Wong, K. K. Gary1; Park, Hoanjae2 | |
2018-11 | |
Source Publication | AGRICULTURAL ECONOMICS |
ABS Journal Level | 2 |
ISSN | 0169-5150 |
Volume | 49Issue:6Pages:777-786 |
Abstract | In this study, meat and fish consumption is depicted in the form of inverse demand systems taking into consideration the intertemporal consumption behavior presented in the data. The concept of intertemporal two-stage budgeting process is applied to this system which explicitly incorporates intertemporal consumption behavior as summarized by the Euler equation. Results based on Korean meat and fish products indicate that the proposed method is promising. Furthermore, the prices of meat and fish are quantity inflexible while the prices of beef and pork are sensitive to changes in consumption scale. |
Keyword | Inverse Demands Intertemporal Two-stage Budgeting Process Euler Equation Korea Flexibilities |
DOI | 10.1111/agec.12459 |
URL | View the original |
Indexed By | SCIE ; SSCI |
Language | 英語English |
WOS Research Area | Agriculture ; Business & Economics |
WOS Subject | Agricultural Economics & Policy ; Economics |
WOS ID | WOS:000449990200009 |
Publisher | WILEY |
Scopus ID | 2-s2.0-85053766062 |
Fulltext Access | |
Citation statistics | |
Document Type | Journal article |
Collection | University of Macau |
Affiliation | 1.Univ Macau, FSS, Dept Econ, Taipa, Macau, Peoples R China; 2.Catholic Univ Daegu, Dept Econ & Int Trade, Gyongsan, South Korea |
First Author Affilication | Faculty of Social Sciences |
Recommended Citation GB/T 7714 | Wong, K. K. Gary,Park, Hoanjae. Consumption dynamics in inverse demand systems: an application to meat and fish demand in Korea[J]. AGRICULTURAL ECONOMICS, 2018, 49(6), 777-786. |
APA | Wong, K. K. Gary., & Park, Hoanjae (2018). Consumption dynamics in inverse demand systems: an application to meat and fish demand in Korea. AGRICULTURAL ECONOMICS, 49(6), 777-786. |
MLA | Wong, K. K. Gary,et al."Consumption dynamics in inverse demand systems: an application to meat and fish demand in Korea".AGRICULTURAL ECONOMICS 49.6(2018):777-786. |
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