Welfare Measurement and Quality Product Differentiation in Agriculture: An Example From the EU15 Beef Sector

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dc.creatorRamos, Maria Priscila
dc.creatorDrogue, Sophie
dc.creatorMarette, Stephan
dc.date2017-04-01T14:05:58Z
dc.date.accessioned2026-07-09T03:48:17Z
dc.descriptionThis paper examines the impact of two different model specifications on welfare estimations. A model specification that takes into account product differentiation is compared to a specification where the product differentiation is overlooked. The welfare comparison under both specifications show some biases of aggregation as well as ambiguous results: the welfare under one specification may be larger or lower than the welfare under the alternative assumption. In order to illustrate our theoretical conclusions, we present an application to the EU15 beef market. We show that the welfare when the product differentiation is taken into account is smaller than the welfare when the product differentiation is omitted.
dc.identifierdoi:10.22004/ag.econ.24720
dc.identifierhttps://ageconsearch.umn.edu/record/24720/files/pp05ra01.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/24720
dc.identifier.urihttp://hdl.handle.net/123456789/540142
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/24720
dc.titleWelfare Measurement and Quality Product Differentiation in Agriculture: An Example From the EU15 Beef Sector
dc.typeText

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