Changes in the Structure of Global Food Demand (1998)
Cranfield, John A L, Hertel, Thomas W, Eales, James S, Preckel, Paul V
A newly developed demand system is used to estimate the response of food and food product demand to per capita expenditure changes. The resulting Engel elasticities are then used to project food and...
Projecting world food demand using alternative demand systems
Yu, Wusheng, Hertel, Thomas W., Preckel, Paul V., Eales, James S.
James S. Eales, Thomas W. Hertel, Paul V. Preckel
This paper assesses the ability of five structural demand systems to predict demands when estimated with cross sectional data spanning countries with widely varying per capita expenditure levels....
ENTROPY-BASED SEEMINGLY UNRELATED REGRESSION
Harmon, Alice, Preckel, Paul V., Eales, James S.
We adapt the classical SUR procedure to a minimum cross entropy approach to estimate linear systems of equations where the errors across equations are correlated. We conclude that our entropy-based...
CHANGES IN THE STRUCTURE OF GLOBAL FOOD DEMAND
Cranfield, John A.L., Hertel, Thomas W., Eales, James S., Preckel, Paul V.
A newly developed demand system is used to estimate the response of food and food product demand to per capita expenditure changes. The resulting Engel elasticities are then used to project food and...
PROJECTING WORLD FOOD DEMAND USING ALTERNATIVE DEMAND SYSTEMS
Yu, Wusheng, Hertel, Thomas W., Preckel, Paul V., Eales, James S.
Computable General Equilibrium (CGE) models are increasingly being used to project world food markets in order to support forward-looking policy analysis. Such projections hinge critically on the...
COMPARISON OF LIQUIDITY COSTS BETWEEN THE KANSAS CITY AND CHICAGO WHEAT FUTURES CONTRACTS
Thompson, Sarahelen, Eales, James S., Seibold, David
The objectives of this study were to: (a) quantify differences in liquidity costs between Kansas City and Chicago wheat futures contracts, and (b) identify the factors which influence liquidity in...
THE INVERSE LEWBEL DEMAND SYSTEM
A new model of consumer preferences is introduced. It is appropriate for modeling perishable commodities which are produced with a lag, where it is reasonable to assume the market-level quantities...
An Empirical Analysis of the Determinants of Success of Food and Agribusiness E-Commerce Firms
Montealegre, Fernando, Thompson, Sarahelen, Eales, James S.
E-commerce's value creation in agricultural and food markets will only occur to the extent that e-commerce firms exist throughout the supply chain. The problem is that e-commerce firms throughout the...