Schmit, Todd M.; Chung, Chanjin; Dong, Diansheng; … - Agricultural and Applied Economics Association - AAEA - 2000
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...