Toggle Main Menu Toggle Search

Open Access padlockePrints

Consumption versus demand-Recovery after BSE?: A fuller analysis

Lookup NU author(s): Dr Lionel Hubbard


Full text for this publication is not currently held within this repository. Alternative links are provided below where available.


By 1999 consumption of beef in the UK had recovered to its pre-BSE level of 1995, but what about demand? Simple market analysis demonstrates that given an initial negative shift in the demand schedule, there are five possible combinations of subsequent shifts in demand and supply that result in consumption returning to its original level. Thompson and Tallard (EuroChoices, Spring 2003) contend that demand did not recover until 2001, which implies a positive shift in supply, i.e. more beef supplied at any given price. A more likely outcome, however, is a negative supply shift, because of additional BSE-related costs and the removal of beef from the food chain. This requires demand to have more than recovered by 1999. Thus any investigation of the impact of BSE on the beef market needs to consider supply as well as demand changes.

Publication metadata

Author(s): Hubbard L

Publication type: Article

Publication status: Published

Journal: EuroChoices

Year: 2003

Volume: 2

Issue: 2

Pages: 37-40

ISSN (print): 1478-0917

ISSN (electronic): 1746-692X

Publisher: Wiley-Blackwell Publishing


DOI: 10.1111/j.1746-692X.2003.tb00051.x


Altmetrics provided by Altmetric