Schmit, Todd M.; Dong, Diansheng; Chung, Chanjin; … - In: Journal of Agricultural and Resource Economics 27 (2002) 01
A two-step model with sample selection is applied to panel data of U.S. households to estimate at-home demand for fluid milk and cheese, incorporating advertising expenditures. The model consistently accounts for sample-selection bias, unobserved household heterogeneity, and temporal...