Market Interrelationships and Applied Demand Analysis : Bridging the Gap Between Theory and Empirics in Commodities Markets

Language: English

Published by Springer, 2021

303073143X / 9783030731434

Series: Book 14 of 17 - Palgrave Studies in Agricultural Economics and Food Policy

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Seller: AHA-BUCH GmbH, Einbeck, GermanyAHA-BUCH GmbH

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Druck auf Anfrage Neuware - Printed after ordering - This textbook addresses the core issues facing economists concerning price determination in commodity markets, especially food and agricultural commodities. This book hones in on the conceptual basis of the various relationships, with special emphasis on market interrelationships, both horizontally and vertically. This book covers key concepts such as consumer demand theory; quality, heterogeneous goods, and cross section demand; derived demand, marketing margins, and relationship between output and raw material prices; retail-to-farm demand linkages, imperfect competition, and short-run price determination; dynamic consumer demand; and dynamic models of the firm.What makes this textbook of particular use to students is its focus on bridging the gap between theory and empirical analysis. Going from theory to empirics requires that we have data-time series or cross section-that match the theoretical constructs. Often the data match is not perfect, either by definition or how the data are computed. In addition to problems of matching data with theoretical constructs, students and researchers need to know how to specify, estimate, and interpret results within the context of imperfect and often incomplete data. This textbook uses several data sets to illustrate how one might address problems in real-world settings. Furthermore, with exercises at the end of each chapter, students are able to test themselves on their ability to bring theory to life.

Seller Inventory # 9783030731434

Title
Market Interrelationships and Applied Demand Analysis : Bridging the Gap Between Theory and Empirics in Commodities Markets
Author
Michael K. Wohlgenant
Publisher
Springer
Publication year
2021
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
303073143X
ISBN 13
9783030731434
Item weight
382 grams
Dimensions
235x155x14 mm
Series
Book 14 of 17: Palgrave Studies in Agricultural Economics and Food Policy

AHA-BUCH GmbH

Einbeck, Germany

5-star seller

AbeBooks seller since August 14, 2006

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Item5 to 7 business days7 to 10 business days
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