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© 1986 Oxford University Press and the Foundation for the European Review of Agricultural Economics

research-article

Estimating a complete matrix of demand elasticities for feed components using pseudo data: A case study of Dutch compound livestock feeds*

LANCE McKINZIE1, PHILIP L. PAARLBERG**,1 and IVAN P. HUETRA**,2

1Department of Agricultural Economics, Purdue University U.S. A.
2Department of Mathematics, Universidad Catolicade Santiago, Chile

Received May 1, 1985; Revision received August 1, 1985.

Summary

A complete set of direct- and cross-price elasticities of demand for livestock feed ingredients in the Netherlands is estimated using a relatively new approach. Cost minimizing behaviour of compound feed manufacturers is modelled in a linear programming formulation. That formulation is then approximated by fitting a smooth cost function to optimal solutions over a sample of different feed ingredient prices. Elasticities are then evaluated along the smooth curve.


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