Premium
Health Risk and the Demand for Red Meat: Evidence from Futures Markets
Author(s) -
Robenstein Rodney G.,
Thurman Walter N.
Publication year - 1996
Publication title -
applied economic perspectives and policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.4
H-Index - 49
eISSN - 2040-5804
pISSN - 2040-5790
DOI - 10.2307/1349595
Subject(s) - futures contract , citation , state (computer science) , agribusiness , agricultural experiment station , economics , management , agriculture , library science , agricultural economics , marketing , political science , business , law , financial economics , history , archaeology , algorithm , computer science
is extensive. Since 1977, a large number of studies have documented instabilities in aggregate meat demand equations estimated from time series data. (See Braschler; Chavas; Choi and Sosin; Dahlgran; Moschini; Moschini and Meilke [1984, 1989]; Nyankori and Miller; and Thurman.) The modal conclusion from these studies is that per-capita demands for red meats, beef, and pork have shifted inwards over time and that per-capita demands for poultry and fish have shifted out. In studies attempting to pinpoint the timing of shifts, the shifts seem to have occurred, or to have begun, in the mid-tolate 1970s. These studies are not without their critics.