Meat Meets Meta: A Quantitative Review of the Price Elasticity of Meat

Abstract

The price elasticity of meat has been estimated in numerous studies that utilize a variety of disparate modeling procedures. In light of differences in the literature, a meta-analysis is performed to assess the sensitivity of the meat price elasticity to a number of characteristics, including the type of meat, specification of demand, nature of data, estimation method, characteristics of the publication outlet, and location of demand. The results from estimating linear and Box-Cox meta-regressions, coupled with different panel data treatments, reveal that these characteristics have differing influence on the reported price elasticity.

Keywords: meat demand, meta-analysis, price elasticity, D12, Q11