RT Journal
T1 ESTIMATION OF SCALE ELASTICITIES AND PRICE FLEXIBILITIES OF MEAT AND FISH IN SAUDI ARABIA
A1 M. Al-Mahish
JF Journal of Animal and Plant Sciences
JO JAPS
SN 1018-7081
VO 30
IS 2
SP 461
OP 466
YR 2020
FD 2020/03/02
DO DOI https://doi.org/10.36899/JAPS.2020.2.0040
AB <p>This paper applied the synthetic inverse demand model to estimate scale and price flexibilities of lamb, beef, chicken, and fish in Saudi Arabia. Model selection tests showed that the differential inverse AIDS model and the inverse CBS model provided the best fit for the data. The estimated own-price flexibilities for both models were negative and consistent with theory. Furthermore, the results revealed that a 1% increase in aggregate quantity of meat and fish decreased the normalized prices of fish and chicken by approximately 0.7% and 1.1%, respectively.</p>
K1 Inverse Demand, Price Flexibility, Scale Elasticity, Meat, Fish
PB Pakistan Agricultural Scientists Forum
LK https://thejaps.org.pk/AbstractView.aspx?mid=AGECO-18-0005