THE DEMAND FOR BEEF PRODUCTS: CROSS-SECTION ESTIMATION OF DEMOGRAPHIC AND ECONOMIC EFFECTS

Abstract

This paper presents estimates of the economic and demographic effects on the demand for steak, roast, and ground beef. Using an almost ideal demand system, the results indicate that demand is inelastic for steak and ground beef, elastic for roast, cross-price effects are significant, and all goods are Hicks-Allen substitutes. The impact of certain demographic effects, such as household size, region, tenancy, and ethnic origin, was generally quite significant. Other demographic variables, such as employment status, shopper, and occupation, were generally not significant.