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The use of household surveys for demand system estimation necessitates a recognition of purchase censoring that often arises within an analysis of a disaggregated set of commodities. We extend the Amemiya-Tobin demand system approach to an analysis of Mexican household food demand via the use of...
Persistent link: https://www.econbiz.de/10005220322
Over the past 10 years, the growth of nontraditional retail food outlets has transformed the food market landscape, increasing the variety of shopping and food options available to consumers, as well as price variation in retail food markets. This report focuses on these dynamics and how they...
Persistent link: https://www.econbiz.de/10005220455
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
Worldwide, the demand for organic food products appears to have expanded quickly in recent years, stimulated by consumer perceptions that organic products are safe, clean and ethical. The growth rate was estimated to be around 10-20 per cent per annum in the next few years, with sales reaching...
Persistent link: https://www.econbiz.de/10005327105
The purpose of this paper is to evaluate the influence of alternate price determination specifications on the ability of a structural econometric model of the Australian prime lamb industry to accurately forecast saleyard lamb prices. Five variations of this model were specified according to the...
Persistent link: https://www.econbiz.de/10005327653
Simultaneous equation techniques are used to re-examine the behaviour of monthly wholesale and retail price spreads for beef, lamb and pork in Sydney over the period 1971-1988, so as to understand the factors determining the relationships between the prices at the different market levels....
Persistent link: https://www.econbiz.de/10005327677
A Quadratic Almost Ideal Demand System is used to examine the structure of food demand for a sample of urban Chinese households. The dual choice of product quality and quantity is accounted for in the econometric model via the inclusion of simultaneously estimated unit-value equations.
Persistent link: https://www.econbiz.de/10005338311