Price Elasticities from Panel Data: Meat, Poultry, and Fish
1971
Purcell, Joseph C. | Raunikar, Robert
National aggregate time series data are not amenable to tracing the consumer response to price changes as these changes occur in the market. This paper is designed to stimulate interest in the development of alternative sources of data and modification in estimating procedures to more nearly approach reality in estimating price‐quantity relationships. The analysis was based on data obtained from a group of consuming units on quantities of meats purchased and prices paid. The procedure was designed to trace the consumer response to price changes approximately as they occurred over time.
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