Dong, Diansheng; Hayden, Stewart; McLaughlin, Patrick W. - In: Journal of applied economics 21 (2018) 1, pp. 122-136
This article develops a model of food demand in which the quality and quantity of food purchased and the inter …-purchase time are determined simultaneously. We use this model to explore the relationship between a household's cereal purchases … are heavily censored at zero. The traditional approach for working with such data in demand estimation usually involves …