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This study tests hypotheses derived from the theory of rationing using data for Polish households during the transition. There are six commodity groups and virtual prices are derived for rationed goods. The evidence is consistent with the theory: larger own-price elasticities for non-rationed...
Persistent link: https://www.econbiz.de/10005468473
We estimate a food demand system for Slovakia using a recent household budget survey data for the period 2004-2011. The Quadratic Almost Ideal Demand System (QUAIDS) augmented with demographic, regional and expenditure controls is employed based on preliminary non-parametric Engel curve...
Persistent link: https://www.econbiz.de/10011125234
Persistent link: https://www.econbiz.de/10010960701
This study examines the relative price of a standard market basket of food items and a market basket of healthier alternatives. Because people in low-income neighborhoods may have fewer grocery stores and transportation alternatives, the effects of store size and competition on the price of a...
Persistent link: https://www.econbiz.de/10005500374
Replaced with revised version of paper 07/30/04.
Persistent link: https://www.econbiz.de/10005500397
The impacts of market reforms on prices volatility in developing countries are not well understood because analysts have not been able to predict the impacts. This study investigates whether the reforms have exacerbated the degree of spatial volatility of maize price in Tanzania using ARCH-M...
Persistent link: https://www.econbiz.de/10005500416
A censored demand system estimator is proposed by extending the sample selection model of Heckman. Censoring is governed by a selection mechanism which avoids the restricitve Tobit parameterization. Results of application to household consumption of beverages suggest the estimator produces...
Persistent link: https://www.econbiz.de/10005500428
This study uses revealed preferences of consumers to study the consumer benefits from soy milk. The study specifies and estimates structural demand and reduced form models of competition for different milk types using US supermarket scanner data. The introduction of soy milk is used to estimate...
Persistent link: https://www.econbiz.de/10005500429
Traditional measures of the benefits of technological change use producer prices. Consumer-oriented measures are more appropriate but they require knowledge of price impacts. They may diverge in the presence of distortions. This paper shows that in general equilibrium they are interrelated...
Persistent link: https://www.econbiz.de/10005501153
Failure of integrability is shown to cause path-dependence of willingness-to-pay measures of welfare change. Using the linear expenditure system, effects of failure of integrability are negligible (substantial) for estimating income (price) elasticities. For single price changes, Hausman's...
Persistent link: https://www.econbiz.de/10005501158