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Meat demand in Greece: an application of the inverse almost-ideal demand system


Meat demand in Greece: an application of the inverse almost-ideal demand system



Agricoltura Mediterranea 130(3/4): 177-183



Inverse demand systems explain price variations as functions of quantity variations and they have properties analogous to those of regular demand systems. The case of meat demand in Greece appears to suit an inverse demand system well. The Inverse Almost-Ideal Demand System model is estimated on Greek time series data (1958-94) for 4 meat categories: beef, mutton-lamb, pork and chicken.

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