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Meat Meets Meta: A Quantitative Review of the Price Elasticity of Meat
Author(s) -
Gallet Craig A.
Publication year - 2010
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.1093/ajae/aap008
Subject(s) - econometrics , elasticity (physics) , price elasticity of demand , economics , meta analysis , panel data , meta regression , microeconomics , medicine , materials science , composite material
The price elasticity of meat has been estimated in numerous studies that utilize a variety of disparate modeling procedures. In light of differences in the literature, a meta‐analysis is performed to assess the sensitivity of the meat price elasticity to a number of characteristics, including the type of meat, specification of demand, nature of data, estimation method, characteristics of the publication outlet, and location of demand. The results from estimating linear and Box‐Cox meta‐regressions, coupled with different panel data treatments, reveal that these characteristics have differing influence on the reported price elasticity.