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Table 1 Parameters and shocks

From: Assessing post-harvest labor shortages, wages, and welfare

Parameter Description Value
η pome Price elasticity of the industry demand for pome − 0.59a
η prunus Price elasticity of the industry demand for prunus − 1.11a
κ pome,prunus Cross price elasticity of the industry demand for pome to prunus 0.12a
κ prunus,pome Cross price elasticity of the industry demand for prunus to pome 0.02a
e pre-harvest Supply elasticity for pre-harvest labor input 3.37b
e post-harvest Supply elasticity for post-harvest labor input 0.73c
σ Elasticity of substitution between pre-harvest labor and post-harvest labor input 1.10d
γ Nonprice shift in demand for pome and prunus (demand shock) 5.4%e
α pre-harvest Nonwage shift in supply for pre-harvest labor (labor shock) − 7.0%e
ξ pome Spoilage rate for pome under normal conditions 4.0%f
ξ prunus Spoilage rate for prunus under normal conditions 6.0%f
  1. Sources: aHenneberry et al. (1999), bPerloff (1991), cDuffield (1990), dCard and Lemieux (2001), eBrady et al. (2016), and fUSDA NASS (various years)