Showing 1 - 10 of 67
The system-wide approach is used to develop an import allocation model based on blockwise dependence. The import demand system is parameterized using the absolute version of the Rotterdam model. Two empirical examples are given to illustrate the approach.
Persistent link: https://www.econbiz.de/10005026718
Demand relationships for two closely related products -- grapefruit juice and grapefruit-juice cocktail -- were estimated from grocery-store scanner data to analyze the contention that consumer confusion exists between the two products. Results suggest confusion may exist, with grapefruit-juice...
Persistent link: https://www.econbiz.de/10005026771
An extension of the differential demand system model is developed that allows the demand system’s income and price responses to vary with income level. The model’s income flexibility and marginal propensities to consume (MPCs) out of income are made functions of real income measured by the...
Persistent link: https://www.econbiz.de/10005039079
Seven systems of Engel curves for expenditures on ten commodity groups were estimated using Taiwanese household expenditure data for the period from 1996 through 1998. Results show that the estimated expenditure elasticities are insensitive to the choice of functional forms.
Persistent link: https://www.econbiz.de/10008565167
In this study we developed a health status index using the commonly recorded health measures by doctors and hospitals. This health status index has a minimum possible value of 7 (the least healthy) and a maximum value of 21 (the healthiest). Using the NHANES data, we explored the relationship of...
Persistent link: https://www.econbiz.de/10005338219
Persistent link: https://www.econbiz.de/10005026715
The issue of identification of the parameter α0 in the price index of the Almost Ideal Demand System (AIDS) is examined. In nearly all empirical studies, the model’s likelihood function has been extremely flat in α0, and this parameter has not been able to be estimated. Assumed values are...
Persistent link: https://www.econbiz.de/10009653604
In this study, the impacts of Florida Department of Citrus (FDOC) orange juice (OJ) advertising on U.S., OJ demand and the price received by Florida growers are examined.
Persistent link: https://www.econbiz.de/10005806566
Persistent link: https://www.econbiz.de/10005026719
This paper examines several approaches to introduce advertising in systems of demand equations. Advertising is included in the Rotterdam model using an unrestricted specification and three restricted specifications - advertising affects demand alternatively through (1) marginal utilities as in...
Persistent link: https://www.econbiz.de/10005026720