Last edited by Tataxe
Wednesday, May 20, 2020 | History

2 edition of Identifying supply and demand elasticities of agricultural commodities found in the catalog.

Identifying supply and demand elasticities of agricultural commodities

Michael J. Roberts

Identifying supply and demand elasticities of agricultural commodities

implications for the US ethanol mandate

by Michael J. Roberts

  • 194 Want to read
  • 23 Currently reading

Published by National Bureau of Economic Research in Cambridge, MA .
Written in English


Edition Notes

StatementMichael J. Roberts, Wolfram Schlenker
SeriesNBER working paper series -- working paper 15921, Working paper series (National Bureau of Economic Research : Online) -- working paper no. 15921.
ContributionsSchlenker, Wolfram, National Bureau of Economic Research
Classifications
LC ClassificationsHB1
The Physical Object
FormatElectronic resource
ID Numbers
Open LibraryOL24571440M
LC Control Number2010655966

“Identifying Supply and Demand Elasticities of Agricultural Commodities: Implications for the US Ethanol Mandate.” MJ Roberts, W Schlenker American Economic Review (6), , Finally, Zhuang and Abbott () present supply elasticities for five key commodities (corn, rice, wheat, pork, and poultry) that averaged vs. for the same five commodities. 5 Demand.

Demand involves two variables –price and quantity. For example the demand for maize is defined as the different amount of maize that you would be willing and able to buy within a reasonable range of prices. Key considerations in the evaluation of demand of agricultural commodities are elasticities of demand and factors affecting demand.   M. Roberts, W. Schlenker, Identifying Supply and Demand Elasticities of Agricultural Commodities: Implications for the US Ethanol Mandate, NBER Working Paper (National Bureau of Economics Research, Cambridge, ).Cited by:

Agricultural and Marine Sciences, 8(2) () © Sultan Qaboos University Demand Elasticities of Fresh Fish Commodities: A Case Study A. Omezzine1, H. Boughanmi*2, and H. Al . Wolfram Schlenker studies the effect of weather and climate on agricultural yields and migration, how climate trends and the US biofuel mandate influences agricultural commodity prices, Identifying Supply and Demand Elasticities of Agricultural Commodities: Implications .


Share this book
You might also like
Chinese Alice

Chinese Alice

The Works of Jeremy Bentham

The Works of Jeremy Bentham

The people of Glengarry

The people of Glengarry

Introduction to Filipino history

Introduction to Filipino history

child and the state ...

child and the state ...

Meeting the Challenge of Disability or Chronic Illness

Meeting the Challenge of Disability or Chronic Illness

Succession

Succession

One-Time Warrior

One-Time Warrior

bibliography on vibrations

bibliography on vibrations

Prologue to violence

Prologue to violence

Good teddy

Good teddy

Tax exemptions for charitable organizations affecting poverty programs

Tax exemptions for charitable organizations affecting poverty programs

Evidence to the Wilson Committee [i.e. the Committee to Review the Functioning of Financial Institutions]

Evidence to the Wilson Committee [i.e. the Committee to Review the Functioning of Financial Institutions]

Saving face

Saving face

Identifying supply and demand elasticities of agricultural commodities by Michael J. Roberts Download PDF EPUB FB2

Fuel Standard on commodity prices, quantities, and food consumers’. surplus for the four basic staples: corn, rice, soybeans, and wheat. Prices increase 20 percent if one-third of commodities used to. produce ethanol are recycled as feedstock, with a positively skewed.

We present a new framework to identify demand and supply elasticities of agricultural commodities using yield shocks - deviations from a time trend of output per area, which are predominantly caused by weather fluctuations. Demand is identified using current-period shocks that give rise to exogenous shifts in by:   We present a new framework to identify supply elasticities of storable commodities where past shocks are used as exogenous price shifters.

In the agricultural context, past yield shocks change inventory levels and futures prices of agricultural commodities. BibTeX @ARTICLE{Roberts_identifyingsupply, author = {Michael J. Roberts and Wolfram Schlenker and All Walsh and Michael J. Roberts and Wolfram Schlenker}, title = {Identifying supply and demand elasticities of agricultural commodities: Implications for the US ethanol mandate}, journal = {Am.

Econ. Rev. }, year = {}, pages = {}}. Fuel Standard on commodity prices, quantities, and food consumers'. surplus for the four basic staples: corn, rice, soybeans, and wheat. Prices increase 20 percent if one-third of commodities used to. produce ethanol are recycled as feedstock, with a positively skewed.

We present a new framework to identify supply elasticities of storable commodities where past shocks are used as exogenous price shifters. In the agricultural context, past yield shocks change inventory levels and futures prices of agricultural commodities.

identify both supply and demand elasticities of storable commodities where prices are linked between periods via storage. W e apply this framework to the world’ s four most. Identifying Supply and Demand Elasticities of Agricultural Commodities: Implications for the US Ethanol Mandate We present a new framework to identify demand and supply elasticities of agricultural commodities using yield shocks - deviations from a time trend of output per area, which are predominantly caused by weather fluctuations.

On the Estimation of Supply and Demand Elasticities of Agricultural Commodites Fabio Gaetano Santeramo. Abstract This AGRODEP Technical Note provides a literature review on the topic of estimation of demand and supply elasticities.

To this end, it starts the dis-cussion by summarizing the main facets of production theory and consumer. Figures 1 and 2 illustrate how the elasticities of supply and demand have an affect on price.

In figure 1 we compare a shift in demand given an elastic supply and an inelastic supply. The elastic supply could depict a situation where there are open borders and commodities can flow freely across the border. The inelastic supply could represent aFile Size: 37KB.

This database is no longer being updated. The Commodity and Food Elasticities Database is a collection of elasticities from research on consumer demand published in working papers, dissertations, and peer-reviewed journals and as presented at professional conferences in the United States.

Most of the literature is from U.S. academic and government research. The report provides a literature review on the topic of estimation of demand and supply elasticities. To this end, it starts the discussion by summarizing the main facets of production theory and consumer theory to introduce the concept of elasticities, with examples of different types of elasticities most utilized in the literature.

Next, it discusses the identification problem in estimating. We present a new framework to identify supply elasticities of storable commodities where past shocks are used as exogenous price shifters.

In the agricultural context, past yield shocks change inventory levels and futures prices of agricultural commodities. We use our estimated elasticities to evaluate the impact of the Renewable Fuel Standard on commodity prices, quantities, and food consumers' surplus. Identifying Supply and Demand Elasticities of Agricultural Commodities: Implications for the US Ethanol Mandate by Michael J.

Roberts and Wolfram Schlenker. Published in volumeissue 6, pages of American Economic Review, OctoberAbstract: We present a new framework to identify Cited by: Summary: We present a new framework to identify demand and supply elasticities of agricultural commodities using yield shocks - deviations from a time trend of output per area, which are predominantly caused by weather fluctuations.

Demand is identified using current-period shocks that give rise to exogenous shifts in supply. Read this article to learn about Elasticity of Demand and Supply: – 1.

Subject Matter of Elasticity of Demand and Supply 2. One example of a floor price is a national minimum wage or floor price for agricultural products. Virtually all commodities have negative price elasticities. But income elasticity could be both positive and negative. Preliminary results find a world demand elasticity for calories derived from staple food commodities equal to about and a world supply elasticity of One basic implication of these elasticities is that increased demand for corn stemming from expansion of ethanol production has caused the prices of calories from staple grains (corn, soybeans, wheat and rice) to increase by about one.

Get this from a library. Identifying Supply and Demand Elasticities of Agricultural Commodities: Implications for the US Ethanol Mandate. [Michael J Roberts; Wolfram Schlenker] -- We present a new framework to identify demand and supply elasticities of agricultural commodities using yield shocks - deviations from a time trend of output per area, which are predominantly caused.

significant impact of different supply (and demand) elasticities on the final results of quantitative modelling exercises, both as regards market outcomes and welfare changes, and in distributional terms (see also Shui, ). The present paper contributes to helping resolve these difficulties in three ways.

Firstly, it attempts to. Firm-level supply equations are derived from production functions for selected agricultural commodities, and these are used to predict firm output and to estimate supply : Parmod Kumar.

The factors shaping the demand for and supply of agricultural commodities are explored, including changes in agricultural policy and markets and the organisation of the farming and food industries. Forecasts of agricultural land use are reviewed, providing perspectives on how the main drivers of change will affect future land use in the by: In recent years, developing countries have been growing much more rapidly than the industrial countries.

This growth convergence has potentially very important implications for world food demand and for world agriculture because of the increase in demand for agricultural resources as diets shift away from starchy staples and towards animal-based products and fruits and vegetables.Estimation of Demand Elasticity for Food Commodities in India § Praduman Kumar*, Anjani Kumar, Shinoj Parappurathu and S.S.

Raju National Centre for Agricultural Economics and Policy Research.