Showing 1 - 10 of 37
The proposed paper adopts the censored demand system approach of Lee and Pitt (1986) to examine the structure of … Mexican food demand. This approach uses the concept of virtual prices to explain specific purchase patterns. The contribution … within a censored demand system, but we also will be use simulated maximum likelihood techniques which allows for the …
Persistent link: https://www.econbiz.de/10009442870
A growing trend in demand analysis during the last two decades is the use of household survey data. Detailed … also allows estimation of large demand system that are otherwise not possible with aggregate time series. However, the use … distributions, a Quasi-maximum likelihood method is used to estimate a censored 9-commodity demand system for a sample of urban …
Persistent link: https://www.econbiz.de/10009443167
upon a structural estimation of consumer milk demand and retailer optimality conditions. To model milk demand we rely upon … the Almost Ideal Demand System, while allowing the retailer optimality conditions to cover a range of competitive …
Persistent link: https://www.econbiz.de/10009443745
the literature by employing a Generalized Quadratic Almost Ideal Demand System (GQAIDS) to model milk demand. Furthermore …, we derive the retailer optimality conditions that incorporate the slopes of inverse GQAIDS demand curves for the products …
Persistent link: https://www.econbiz.de/10009444320
2010. We employ the Generalized Quadratic Almost Ideal Demand System to represent consumer preferences and estimate demand … for seven food groups in a dynamic setting. This relaxes many of the restrictions on the demand models used in the …
Persistent link: https://www.econbiz.de/10010881087
Livestock Gross Margin Insurance for Dairy Cattle (LGM-Dairy) is a recently introduced tool for protecting average income over feed cost margins in milk production. In this paper we examine the assumptions underpinning the rating method used to determine premiums charged for LGM-Dairy insurance...
Persistent link: https://www.econbiz.de/10010881190
A common approach in the literature, whether the investigation is about futures price risk premiums or biases in option-based implied volatility coefficients, is to use samples in which consecutive observations can be regarded as uncorrelated. That will be the case for non- overlapping forecast...
Persistent link: https://www.econbiz.de/10010910208
demand for carbonated soft drinks. Using an Almost Ideal Demand System (AIDS) specification, we strongly reject exogeneity …This article explores the issue of price and expenditure endogeneity in empirical demand analysis. The analysis focuses … for both prices and expenditures. We find that accounting for price/expenditures endogeneity significantly impacts demand …
Persistent link: https://www.econbiz.de/10005310649
context of a flexible demand specification and structural price equations. This approach is more general than prior studies …
Persistent link: https://www.econbiz.de/10005310654
analysis of Mexican household food demand via the use of a LA/AIDS specification. …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 …
Persistent link: https://www.econbiz.de/10005220322