Terry, Justin J.; Marsh, Thomas L. - Western Agricultural Economics Association - WAEA - 2000
specified from a normalized quadratic profit function. Own-price and cross-price elasticities were estimated for hard red winter … responsive to their own price than were hard wheat varieties. Cross-price elasticities indicate that hard red winter wheat, hard … red spring wheat, and soft wheat varieties are economic substitutes. Cross-price elasticities are different from those …