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Title
| - Estimating Interrelated Demands for Meats Using New Measures for Ground and Table Cut Beef
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Abstract
| - Two systems of demand equations for meats ate estimated using traditional and new measures of ground and table cut beef. The choice of disaggregation has a significant impact on estimated demand elasticities for hamburger and table cuts. A multivariate version of the PE-test is used as a nonnested test of the alternative specifications. The PE-test is an appropriate nonnested specification test when the models in question have different (but related) dependent variables. The PE-test rejects the nonfed beef model specification but does not reject the ground beef model, which uses the new measures of ground and table cut beef.
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