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Demand for vegetables in a Chinese wholesale market
Author(s) -
AhmadiEsfahani Fredoun Z.,
Stanmore Roland G.
Publication year - 1997
Publication title -
agribusiness
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.57
H-Index - 43
eISSN - 1520-6297
pISSN - 0742-4477
DOI - 10.1002/(sici)1520-6297(199709/10)13:5<549::aid-agr8>3.0.co;2-6
Subject(s) - economics , consumption (sociology) , competition (biology) , microeconomics , agricultural economics , ecology , social science , sociology , biology
Reforms in Chinese food markets have given consumers greater freedom and choices in their consumption decisions. An LA/AIDS model is applied to wholesale market data for vegetables to measure price sensitivity in an open market. The data set from 1988 to 1994 is divided into two periods to analyze how vegetable consumption is responding to the reforms. Chinese consumers are found to be more price responsive in the latter period, implying that they are taking advantage of the increased competition in the market. © 1997 John Wiley & Sons, Inc.