Toro-Gonzalez, Daniel; McCluskey, Jill J.; Mittelhammer, Ron - In: Journal of Agricultural and Resource Economics 39 (2014) 2
trend in the craft beer segment. This study analyzes the demand for beer as a differentiated product and estimates own-price …, cross-price, and income elasticities for beer by type: craft beer, mass-produced beer, and imported beer. We verify that … beer is a normal good with a considerably inelastic demand and also find that the cross-price elasticity across types of …