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001437821 001__ 1437821
001437821 003__ OCoLC
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001437821 019__ $$a1259320583
001437821 020__ $$a9783030731441$$q(electronic bk.)
001437821 020__ $$a3030731448$$q(electronic bk.)
001437821 020__ $$z303073143X
001437821 020__ $$z9783030731434
001437821 0247_ $$a10.1007/978-3-030-73144-1$$2doi
001437821 035__ $$aSP(OCoLC)1258660105
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001437821 049__ $$aISEA
001437821 050_4 $$aHD1415
001437821 08204 $$a338.17$$223
001437821 1001_ $$aWohlgenant, Michael K.$$q(Michael Kurt),$$eauthor.
001437821 24510 $$aMarket interrelationships and applied demand analysis :$$bbridging the gap between theory and empirics in commodities markets /$$cMichael K. Wohlgenant.
001437821 264_1 $$aCham :$$bPalgrave Macmillan,$$c2021.
001437821 300__ $$a1 online resource
001437821 336__ $$atext$$btxt$$2rdacontent
001437821 337__ $$acomputer$$bc$$2rdamedia
001437821 338__ $$aonline resource$$bcr$$2rdacarrier
001437821 4901_ $$aPalgrave Studies in Agricultural Economics and Food Policy
001437821 504__ $$aIncludes bibliographical references and index.
001437821 5050_ $$aIntro -- Contents -- About the Author -- List of Tables -- 1 Introduction -- 1.1 Background -- 1.2 Organization of Chapters -- References -- 2 Consumer Demand-Theory -- 2.1 Introduction -- 2.2 Consumer's Choice Problem -- 2.2.1 First-Order Conditions: Application of the Kuhn-Tucker Theorem -- 2.2.2 Demand Functions -- 2.3 Comparative Statics of Income and Price Changes -- 2.3.1 Fundamental Matrix Equation of Consumer Demand -- 2.3.2 Slutsky Substitution Matrix -- 2.3.3 General Restrictions of Consumer Behavior -- 2.4 Comparative Statics of Exogenous Preference Shift Variables
001437821 5058_ $$a2.5 Comparative Statics with Strictly Concave Utility Function -- 2.6 Duality Theory: Relationships Between Marshallian, Hicksian, and Frischian Demands -- 2.7 Inverse Demand Functions -- 2.7.1 Wold-Hotelling Identity -- 2.7.2 Comparative Statics -- Problems -- References -- 3 Consumer Demand-Separability and Commodity Aggregation -- 3.1 Introduction -- 3.2 Restrictions on Price Movements -- 3.3 Separability Concepts -- 3.4 Implications of Weak Separability -- 3.4.1 Theorem 1: Conditional Demand Functions -- 3.4.2 Total Differential of First-Stage Allocation Equations -- 3.5 Two-Stage Budgeting
001437821 5058_ $$a3.5.1 Theorem 2 and Consistency Requirement -- 3.5.2 Form of Price Indices -- 3.6 Implications of Strong Separability -- 3.6.1 General Form of Composite Demand Function -- 3.6.2 Unconditional Demand Elasticities -- 3.7 Weak Separability Alone Insufficient to Estimate Unconditional Demand Elasticities -- 3.8 Empirical Implications -- Problems -- References -- 4 Consumer Demand-Empirical Analysis I -- 4.1 Introduction -- 4.2 Brief History of Empirical Consumer Demand Models -- 4.2.1 Single-Equation Approach -- 4.2.2 Systems of Demand Functions Derived from Directly Specified Utility Function
001437821 5058_ $$a4.2.3 Formulation of Directly Specified Demand Functions -- 4.2.4 Derivation of Demand Functions Using Locally Flexible Functional Forms -- 4.2.5 Demand Functions Derived from Globally Flexible Functional Forms -- 4.3 System of Demand Equations Estimation -- 4.4 The Rotterdam Model -- 4.5 The Almost Ideal Demand System -- 4.6 The Linear Approximate AIDS -- 4.7 Comparison of RM with AIDS -- 4.8 Alternative Differential Demand Systems -- 4.9 Generalization of AIDS Demand Systems -- Problems -- References -- 5 Consumer Demand-Empirical Analysis II -- 5.1 Introduction
001437821 5058_ $$a5.2 Application to U.S. Meat Demand -- 5.2.1 Development of Data Set Based on USDA Disappearance Data -- 5.2.2 Application to Absolute Price Version of Rotterdam Model -- 5.2.3 Application to LA/AIDS and AIDS Models -- 5.2.4 Unconditional Demand Elasticities from Rotterdam Model -- 5.3 Imposing Negative Semi-Definiteness -- 5.4 Other Data Sets -- Problems -- References -- 6 Quality, Heterogeneous Goods, and Cross-Section Demand -- 6.1 Introduction -- 6.2 Unit Values, Prices, and Quality -- 6.2.1 Problem of Average Prices Varying Across Households -- 6.2.2 Income and Price Elasticities of Quality
001437821 506__ $$aAccess limited to authorized users.
001437821 520__ $$aThis textbook addresses the core issues facing economists concerning price determination in commodity markets, especially food and agricultural commodities. This book hones in on the conceptual basis of the various relationships, with special emphasis on market interrelationships, both horizontally and vertically. This book covers key concepts such as consumer demand theory; quality, heterogeneous goods, and cross section demand; derived demand, marketing margins, and relationship between output and raw material prices; retail-to-farm demand linkages, imperfect competition, and short-run price determination; dynamic consumer demand; and dynamic models of the firm. What makes this textbook of particular use to students is its focus on bridging the gap between theory and empirical analysis. Going from theory to empirics requires that we have datatime series or cross sectionthat match the theoretical constructs. Often the data match is not perfect, either by definition or how the data are computed. In addition to problems of matching data with theoretical constructs, students and researchers need to know how to specify, estimate, and interpret results within the context of imperfect and often incomplete data. This textbook uses several data sets to illustrate how one might address problems in real-world settings. Furthermore, with exercises at the end of each chapter, students are able to test themselves on their ability to bring theory to life. Michael K. Wohlgenant is the William Neals Reynolds Distinguished Professor Emeritus at North Carolina State University, USA.
001437821 588__ $$aDescription based on print version record.
001437821 650_0 $$aAgriculture$$xEconomic aspects.
001437821 650_0 $$aAgriculture$$xInternational cooperation.
001437821 650_6 $$aAgriculture$$xAspect économique.
001437821 650_6 $$aAgriculture$$xCoopération internationale.
001437821 655_0 $$aElectronic books.
001437821 77608 $$iPrint version:$$aWohlgenant, Michael K. (Michael Kurt).$$tMarket interrelationships and applied demand analysis.$$dCham : Palgrave Macmillan, 2021$$z303073143X$$z9783030731434$$w(OCoLC)1240771450
001437821 830_0 $$aPalgrave studies in agricultural economics and food policy.
001437821 852__ $$bebk
001437821 85640 $$3Springer Nature$$uhttps://univsouthin.idm.oclc.org/login?url=https://link.springer.com/10.1007/978-3-030-73144-1$$zOnline Access$$91397441.1
001437821 909CO $$ooai:library.usi.edu:1437821$$pGLOBAL_SET
001437821 980__ $$aBIB
001437821 980__ $$aEBOOK
001437821 982__ $$aEbook
001437821 983__ $$aOnline
001437821 994__ $$a92$$bISE