scholarly journals Identifying Supply and Demand Elasticities of Agricultural Commodities: Implications for the US Ethanol Mandate

2010 ◽  
Author(s):  
Michael Roberts ◽  
Wolfram Schlenker
Keyword(s):  
Supply And Demand ◽  
Agricultural Commodities ◽  
Demand Elasticities ◽  
The Us ◽  
Ethanol Mandate

scholarly journals Identifying Supply and Demand Elasticities of Agricultural Commodities: Implications for the US Ethanol Mandate

2013 ◽  
Vol 103 (6) ◽  
pp. 2265-2295 ◽  
Author(s):  
Michael J Roberts ◽  
Wolfram Schlenker
Keyword(s):  
Supply And Demand ◽  
Commodity Prices ◽  
Agricultural Commodities ◽  
Renewable Fuel Standard ◽  
Renewable Fuel ◽  
Demand Elasticities ◽  
The Us ◽  
Ethanol Mandate ◽  
The Impact ◽  
New Framework

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 2009 Renewable 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 95 percent confidence interval that ranges from 14 to 35 percent. (JEL Q11, Q16, Q42, Q48)

Managerial Economics – Family Medicine Care

2021 ◽  
Vol 1 (2) ◽  
Author(s):  
Ecler Jaqua ◽  
Terry Jaqua ◽  
Van Nguyen
Keyword(s):  
Family Medicine ◽  
Service Providers ◽  
Supply And Demand ◽  
Pricing Strategy ◽  
Demand And Supply ◽  
Business Opportunity ◽  
Is Research ◽  
The Us ◽  
Managerial Economics

Supply and demand are amongst the essential requirements before starting up a business. Understanding the quantity of a commodity wished to be sold by producers based on different prices and the item needed by consumers wish purchasing is essential in coming up with ideas. Based on the understanding of this and background research on costs in healthcare, specifically family medicine, it is found that healthcare is amongst the essential requirements, and thus the critical focus of the business idea in a physician’s practice focusing on family medicine care in the US. Starting up the business is based on healthcare demands in the market and further the pricing strategy utilized by most family medicine clinics. Through a connection to the business based on visits in hospitals and the quality offered by these service providers, it is noted that the demand is high and is the most expensive sector in the world, but care is ineffective (The Peterson Center on Healthcare, n.d.) thus leading to searching for effective alternatives by consumers. This creates a potential for offering the most effective services to cater to the demands, and as noted by the Peterson Center on Healthcare (n.d.), the US healthcare system is the most expensive, and costs are projected to grow dramatically in the coming years thus creating the most significant business opportunity to entrepreneurs. By adjusting the resources and trying to cater to the demand in various locations, the key idea is to cater to the need and profit from the sector. The concern of gaining information in the market is research on different healthcare websites and the prices offered and the quality of their services. This will aid in adjusting the prices effectively and thus retaining the demand and supply chain.

Collusion-enhancing effects of the own- and cross-price demand elasticities in merging multiproduct food industries: The case of chicken and red meat in the United States

2018 ◽  
Vol 47 (3) ◽  
pp. 223-232 ◽  
Author(s):  
Dimitrios Panagiotou
Keyword(s):  
Food Industry ◽  
The United States ◽  
Red Meat ◽  
Meat Industry ◽  
Meat Processing ◽  
Health Concerns ◽  
Food Industries ◽  
Demand Elasticities ◽  
The Us ◽  
Price Demand

The recent wave of megamergers sweeping the US food industry has raised significant concerns regarding “conglomerate” market power. Beef processors have been merging with pork and/or poultry processors (and vice versa). Concurrently, consumers have changed their attitude toward diet and health. The poultry industry has been more responsive to the changes in consumers’ lifestyles than the red meat industry by providing products which address health concerns. As a consequence, consumers exhibit stronger preference for chicken and are more willing to substitute chicken for red meat. The objective of this study is to examine the sustainability of collusion between multiproduct meat processing firms, under different values of the own-price demand flexibility of chicken as well as cross-price elasticities of demand between the markets of chicken and red meat. The findings indicate that the less (more) responsive demand for chicken gets to changes in its own price (price of red meat), the easier it gets for firms to sustain collusion.

scholarly journals Regional uptake and release of crop carbon in the United States

2011 ◽  
Vol 8 (8) ◽  
pp. 2037-2046 ◽  
Author(s):  
T. O. West ◽  
V. Bandaru ◽  
C. C. Brandt ◽  
A. E. Schuh ◽  
S. M. Ogle
Keyword(s):  
Great Plains ◽  
Carbon Budget ◽  
Supply And Demand ◽  
The United States ◽  
Northern Great Plains ◽  
Agricultural Crops ◽  
Biomass Storage ◽  
The Us ◽  
Import And Export ◽  
Crop Biomass

Abstract. Carbon fixed by agricultural crops in the US creates regional CO2 sinks where it is harvested and regional CO2 sources where it is released back to the atmosphere. The quantity and location of these fluxes differ depending on the annual supply and demand of crop commodities. Data on the harvest of crop biomass, storage, import and export, and on the use of biomass for food, feed, fiber, and fuel were compiled to estimate an annual crop carbon budget for 2000 to 2008. With respect to US Farm Resource Regions, net sources of CO2 associated with the consumption of crop commodities occurred in the Eastern Uplands, Southern Seaboard, and Fruitful Rim regions. Net sinks associated with the production of crop commodities occurred in the Heartland, Northern Great Plains, and Mississippi Portal regions. The national crop carbon budget was balanced to within 0.3 to 6.1 % yr−1 during the period of this analysis.

The Outlook for World Meat Supply and Demand

1998 ◽  
Vol 27 (1) ◽  
pp. 19-22
Author(s):  
Loek Boonekamp
Keyword(s):  
Agricultural Policy ◽  
Supply And Demand ◽  
Policy Research ◽  
Economic Research ◽  
Sources Of Information ◽  
Medium Term ◽  
Production And Consumption ◽  
The Us ◽  
Food And Agricultural Policy ◽  
Broad Outline

This paper presents a medium-term outlook for world meat supply and demand. Following a broad outline of likely developments in production and consumption of all meats, the focus engages on the outlook for world beef markets over the five-year period from 1997. The projections presented in this paper are based largely on those published by the OECD. So far as non-OECD countries are concerned, the main sources of information have been the Economic Research Service of the US Department for Agriculture and the Food and Agricultural Policy Research Institute of the Universities of Iowa State and Missouri, Columbia.

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