✦ LIBER ✦

Demand for vegetables in a Chinese wholesale market

✍ Scribed by Fredoun Z. Ahmadi-Esfahani; Roland G. Stanmore

Publisher: John Wiley and Sons
Year: 1997
Tongue: English
Weight: 102 KB
Volume: 13
Category: Article
ISSN: 0742-4477
DOI: 10.1002/(sici)1520-6297(199709/10)13:5<549::aid-agr8>3.0.co;2-6

No coin nor oath required. For personal study only.

✦ Synopsis

Reforms in Chinese food markets have given consumers greater freedom and choices in their consumption decisions. An LA/AIDS model is applied to wholesale market data for vegetables to measure price sensitivity in an open market. The data set from 1988 to 1994 is divided into two periods to analyze how vegetable consumption is responding to the reforms. Chinese consumers are found to be more price responsive in the latter period, implying that they are taking advantage of the increased competition in the market.

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