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 | |
2018-11-06 | |
Source Publication | Agricultural Economics (United Kingdom) |
ABS Journal Level | 2 |
ISSN | 15740862 01695150 |
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 | D11 D12 D9 Euler Equation Flexibilities Intertemporal Two-stage Budgeting Process Inverse Demands Korea |
DOI | 10.1111/agec.12459 |
URL | View the original |
Language | 英語English |
WOS ID | WOS:000449990200009 |
Scopus ID | 2-s2.0-85053766062 |
Fulltext Access | |
Citation statistics | |
Document Type | Journal article |
Collection | University of Macau |
Affiliation | 1.Department of EconomicsFSSThe University of Macau,Taipa,Macao 2.Department of Economics and International TradeCatholic University of Daegu,Gyeongsan,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 (United Kingdom), 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 (United Kingdom), 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 (United Kingdom) 49.6(2018):777-786. |
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