Consumption Dynamics in Inverse Demand Systems: An Application to Meat and Fish Demand in Korea

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主讲人	Gary Wong	简介	<p>In this study, meat and fish consumption in Korea is depicted in the form of inverse demand systems taking into consideration the intertemporal consumption behavior presented in the data. The concept of intertemporal two-stage budgeting process is applied to this system which explicitly incorporates intertemporal consumption behavior as summarized by the Euler equation. Results based on Korean meat and fish products indicate that the proposed method is promising. Furthermore, prices of meat and fish are quantity inelastic while the prices of beef and pork are sensitive to changes in consumption scale.</p>
时间	2016-12-01(Thursday)16:40-18:00	地点	N303, Econ Building
讲座语言	English	主办单位
承办单位		类型	系列讲座
联系人信息		主持人	Minqiang Zhao
专题网站		专题
主讲人简介	<p>Associate Professor at Department of Economics, FSS, the University of Macau.</p> <p><a href="/Upload/File/2016/11/20161115090321397.pdf"><span style="color: rgb(0, 0, 255);"><u><strong>Gary Wong's CV</strong></u></span></a></p>	期数	“WISE-SOE”高级经济学系列讲座2016秋季学期第6讲（总第371讲）

系列讲座