Showing 1 - 10 of 15
Consistent two-step censored estimation is applied to household demand equations for disaggregated milk and cheese products. The long-run advertising elasticity for total milk was positive, largely due to low fat milk; however the elasticity for cheese was not significant, and only shredded...
Persistent link: https://www.econbiz.de/10005320423
This paper evaluates the economic consequences of milk marketing orders for producers and consumers in organic and … exemption of organics from marketing order regulation would make organic farmers better off at the expense of conventional …
Persistent link: https://www.econbiz.de/10005327216
This paper documents the remarkable experience of the Far West mint producers in the operation of their marketing order …. From 1993 to 2002, the marketing order witnessed a dramatic reduction its share of the Scotch spearmint market, as well as … marketing order price as a logical consequence of increased world production of spearmint oil. We estimate an econometric model …
Persistent link: https://www.econbiz.de/10005327293
The dominant trend in U.S. non-alcoholic consumption over the past two decades has been a steady increase in soft-drink consumption, largely at the expense of milk and coffee and tea consumption. Our analysis suggests that the primary factors affecting this is that the price, advertising, and...
Persistent link: https://www.econbiz.de/10005338784
check-off programs for funding commodity marketing programs that would separately fund the minimum administrative capacity … and the more costly full marketing program. In these mechanisms, even if a funding shortfall occurs for the full marketing …
Persistent link: https://www.econbiz.de/10005060249
This research shows that the existing literature on milk marketing orders misses an important effect. Previous work … ignores the interaction of marketing orders with milk grading regulation. We model this interaction and show that producer … benefits from marketing orders have been smaller than previous work suggests, and, under some conditions, may even be negative …
Persistent link: https://www.econbiz.de/10005500357
High increases in media advertising costs have caused a shift away from generic advertising to other promotional activities. A relatively new retail-level promotional activity is the Dairy Case Management Program aimed at improving the management, appearance, and operation of the dairy case. An...
Persistent link: https://www.econbiz.de/10005500375
Many commodities have programs assessing producers for generic advertising. Ads such as "Got Milk?" and the "Incredible Edible Egg" are a public good for producers. Most of these programs originally used the Voluntary Contribution Mechanism, but have now become mandatory because of free-riding....
Persistent link: https://www.econbiz.de/10005500437
Previous constant-parameter demand models have estimated generic advertising elasticities for cheese to be below that for fluid milk. We relax this assumption, allowing for generic advertising response to vary over time. Cheese advertising elasticities were found below fluid milk up until the...
Persistent link: https://www.econbiz.de/10005460335
In this study, we extend to panel data structures the double-hurdle model typically used in cross-sectional data. The new double-hurdle model can account not only for the censored nature of commodity purchases, but also for the dynamics of the purchase process. In this model, a flexible error...
Persistent link: https://www.econbiz.de/10005536697