LEADER 04301nam 22006615 450 001 9910488705103321 005 20230810172831.0 010 $a9783030731441 010 $a3030731448 024 7 $a10.1007/978-3-030-73144-1 035 $a(CKB)4100000011971385 035 $a(MiAaPQ)EBC6648872 035 $a(Au-PeEL)EBL6648872 035 $a(OCoLC)1261366385 035 $a(DE-He213)978-3-030-73144-1 035 $a(EXLCZ)994100000011971385 100 $a20210628d2021 u| 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aMarket Interrelationships and Applied Demand Analysis $eBridging the Gap Between Theory and Empirics in Commodities Markets /$fby Michael K. Wohlgenant 205 $a1st ed. 2021. 210 1$aCham :$cSpringer International Publishing :$cImprint: Palgrave Macmillan,$d2021. 215 $a1 online resource (240 pages) 225 1 $aPalgrave Textbooks in Agricultural Economics and Food Policy,$x2662-5482 311 08$a9783030731434 311 08$a303073143X 327 $a1. Introduction -- 2. Consumer Demand: Theory -- 3. Consumer Demand: Separability and Commodity Aggregation -- 4. Consumer Demand: Empirical Analysis I -- 5. Consumer Demand: Empirical Analysis II -- 6. Quality, Heterogeneous Goods, and Cross Section Demand -- 7. Derived Demand, Marketing Margins, and Relationship between Output and Raw Material Prices -- 8. Retail-to-Farm Demand Linkages, Imperfect Competition, and Short-Run Price Determination -- 9. Dynamic Consumer Demand -- 10. Dynamic Models of the Firm. 330 $aThis textbook addresses the core issues facing economists concerning price determination in commodity markets, especially food and agricultural commodities. This book hones in on the conceptual basis of the various relationships, with special emphasis on market interrelationships, both horizontally and vertically. This book covers key concepts such as consumer demand theory; quality, heterogeneous goods, and cross section demand; derived demand, marketing margins, and relationship between output and raw material prices; retail-to-farm demand linkages, imperfect competition, and short-run price determination; dynamic consumer demand; and dynamic models of the firm. What makes this textbook of particular use to students is its focus on bridging the gap between theory and empirical analysis. Going from theory to empirics requires that we have data-time series or cross section-that match the theoretical constructs. Often the data match is not perfect, either by definition or how the data are computed. In addition to problems of matching data with theoretical constructs, students and researchers need to know how to specify, estimate, and interpret results within the context of imperfect and often incomplete data. This textbook uses several data sets to illustrate how one might address problems in real-world settings. Furthermore, with exercises at the end of each chapter, students are able to test themselves on their ability to bring theory to life. Michael K. Wohlgenant is the William Neals Reynolds Distinguished Professor Emeritus at North Carolina State University, USA. 410 0$aPalgrave Textbooks in Agricultural Economics and Food Policy,$x2662-5482 606 $aAgriculture$xEconomic aspects 606 $aIndustrial organization 606 $aEconometrics 606 $aEconomics$xPsychological aspects 606 $aAgricultural Economics 606 $aIndustrial Organization 606 $aQuantitative Economics 606 $aBehavioral Economics 615 0$aAgriculture$xEconomic aspects. 615 0$aIndustrial organization. 615 0$aEconometrics. 615 0$aEconomics$xPsychological aspects. 615 14$aAgricultural Economics. 615 24$aIndustrial Organization. 615 24$aQuantitative Economics. 615 24$aBehavioral Economics. 676 $a338.1 676 $a338.17 700 $aWohlgenant$b Michael K$g(Michael Kurt),$01216586 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910488705103321 996 $aMarket interrelationships and applied demand analysis$92812802 997 $aUNINA