A chapter on economic demand theory gives a critical survey of possible models of the demand function, their properties and usefulness for empirical research. The next chapter discusses some characteristics of agricultural products and markets of importance for a correct specification of the demand function. Chapter four discusses some statistical methods of estimating the demand function. This treatment is based on the use of vector spaces in statistical problems as developed by Kuiper (1952). Chapter five examines some well known demand studies made in the USA. In particular it was observed that in almost all studies the elasticities estimated by the limited-information method were greater than thoso estimated by the least-squares method.
Chapter six analyses the Dutch lettuce market. The many quantitative results on the influence of different factors on price and demand for lettuce showed that expansion of lettuce production would be profitable only during the period November-March when export opportunities were good.
|Qualification||Doctor of Philosophy|
|Award date||22 Jun 1962|
|Place of Publication||Wageningen|
|Publication status||Published - 1962|
- lactuca sativa
- economic situation
- economic production