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The Influence of an Environmental Tax on Meat Demand in the United States

by Eggink, Quinten

Abstract

This paper estimates the demand of beef, pork and chicken in the United States, in order to explore how the introduction of an environmental meat tax might impact meat demand. The agricultural industry, especially the production of meat, is widely attributed to the emission of greenhouse gases, which directly contributes to climate change. This study draws upon monthly data from the United States Department of Agriculture and the Federal Reserve Bank of St. Louis. Through multivariate regression and the log-log model, this paper estimates various elasticities. The results show an inelastic positive income price elasticity of demand for all meats, and an inelastic price elasticity of demand (PED) that is negative for beef and pork, but positive for chicken. However, due to the chicken’s positive PED, it is excluded from the modeled 10 % tax on meat. This study posits that the introduction of an environmental tax on beef and pork could reduce national greenhouse gas emissions by one thousandth of 2016 levels.

Note

The author has given permission for this work to be deposited in the Digital Archive of Colorado College.

Colorado College Honor Code upheld.

Includes bibliographical references.

Administrative Notes

The author has given permission for this work to be deposited in the Digital Archive of Colorado College.

Colorado College Honor Code upheld.

Copyright
Copyright restrictions apply.
Publisher
Colorado College Tutt Library
PID
coccc:27435
Digital Origin
born digital
Extent
25 pages : illustrations
Thesis
Senior Thesis -- Colorado College
Thesis Advisor
Pedro de Arajuo
Department/Program
Economics and Business
Degree Name
Bachelor of Arts
Degree Type
bachelor
Degree Grantor
Colorado College Tutt Library
Date Issued
2016-12