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A Probabilistic Approach to Estimating Aggregate Regional Demand for Broiler Meat

Published online by Cambridge University Press:  28 April 2015

Chung Liang Huang  and
Robert Raunikar
Chung Liang Huang
Affiliation:
Department of Agricultural Economics, University of Georgia, Georgia Experiment Station, Experiment, Georgia
Robert Raunikar
Affiliation:
Department of Agricultural Economics, University of Georgia, Georgia Experiment Station, Experiment, Georgia
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Extract

Classical theory of consumer demand postulates that each consumer possesses a continuous utility function. The theory describes the behavior of a rational consumer such that the consumer's preferences for various sets of goods are given and the consumer purchases a set of goods which maximizes utility function subject to the budget constraint that total expenditure is equal to income.

Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 14 , Issue 2 , December 1982 , pp. 131 - 137
Copyright
Copyright © Southern Agricultural Economics Association 1982

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