Economics, Econometrics and Finance
4 years ago

Wheat demand model reveals surprising market dynamics in Czech Republic.

RePEc: Research Papers in Economics
Modelling of the Demand Relations within the Commodity Chain: Application on the Wheat Commodity Chain in the Czech Republic
Ivana Blažková

Paper Summary

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The article models demand relations in the wheat commodity chain in the Czech Republic. It considers how prices and demand levels at different stages affect overall demand. The model shows that demand at each stage influences secondary demand, consumer demand for bakery products is not very sensitive to price changes, and there is little impact on consumption of bakery products from changes in prices of other products.