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This article develops a structural econometric consumer demand model for goods, which have time and monetary costs, and where time spent obtaining the goods also enters into the utility function. The model is used to analyze customers' decision to buy pick-your-own versus preharvested...
Persistent link: https://www.econbiz.de/10009394174
This study identifies the most important factors affecting customers’ decisions to buy pickyour- own versus prepicked strawberries and muscadine grapes at direct-market operations in North Carolina. The relative importance analysis identified the region of location of the operations and...
Persistent link: https://www.econbiz.de/10005041433
Socioeconomic factors influencing consumer demand for nursery products and landscape projects were investigated using consumer survey data collected from North Carolina in 2008. Tobit models were estimated for censored dependent variables, budget expenditure shares on nursery products, and...
Persistent link: https://www.econbiz.de/10010914300
A consumer-oriented survey at eighteen independently owned garden centers in North Carolina focused on why consumers selected a particular garden center and why they purchased the particular products they selected. Results indicate that potential customers are looking for garden centers that...
Persistent link: https://www.econbiz.de/10008599581
Persistent link: https://www.econbiz.de/10008519145
Persistent link: https://www.econbiz.de/10008519150
Analysis of demand for pansies and mums sold in independent garden centers indicates that price and age are important factors influencing demand. In the fall of 1996, data were collected from a survey of independent garden centers in North Carolina. Statistical analysis was conducted by...
Persistent link: https://www.econbiz.de/10005064436
Demand for selected nursery plants sold in North Carolina (i.e., begonia, dianthus, geranium, impatiens, marigold, petunia, and vinca) was found to be affected more by prices than by income, demographic, and other variables. By using cross-sectional data, a modified AIDS model, incorporating...
Persistent link: https://www.econbiz.de/10005468739
This article develops a structural econometric consumer demand model for goods, which have time and monetary costs, and where time spent obtaining the goods also enters into the utility function. The model is used to analyze customers' decision to buy pick-your-own versus preharvested...
Persistent link: https://www.econbiz.de/10005202296
We generalise a two-constraint model of consumer demand so as to make utility a function of both consumption of the good and the time allocated to consumption, to accommodate the fact that the consumer may derive utility from the time spent acquiring and/or consuming the good. We use the...
Persistent link: https://www.econbiz.de/10008752014