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By endogenizing unit value and coupon redemption, we estimate U.S. household cheese purchase, quality choice, and coupon redemption equations simultaneously. Zero purchases and missing values on coupons and unit values are taken into account in the model to correct for selectivity bias....
Persistent link: https://www.econbiz.de/10014061116
The modeling of micro-level food demand patterns requires not only allowing for household heterogeneity, but also addressing the problem of censoring. In this article, we present a variation of the Amemiya-Tobin framework for estimating a censored demand system that allows for household...
Persistent link: https://www.econbiz.de/10014069533
This study develops an approach to obtain optimal temporal advertising strategies when consumers? response to advertising is asymmetric. Using this approach, optimal strategies for generic fluid milk advertising in New York City are determined. Results indicate that pulsed advertising policies...
Persistent link: https://www.econbiz.de/10014038428
A time-varying parameter model of fluid milk and cheese demand reveals that changes in age composition, race composition, and food spending patterns away from home were most important to changes in generic advertising response over time. Advertising response elasticities indicate that generic...
Persistent link: https://www.econbiz.de/10014029492
We utilize the outbreak surveillance data from the Centers for Disease Control and Prevention (CDC) to examine whether consumer demand was impacted by the outbreak of foodborne disease. An additional person sickened due to the ingestion of tainted cheese products at home is found to decrease per...
Persistent link: https://www.econbiz.de/10014206249
Persistent link: https://www.econbiz.de/10010053571
As a first effort at modeling nonalcoholic beverage demand in a systemwide framework that includes bottled water, this article examines the impact of advertising on the demand for nonalcoholic beverages in the United States. We employed an AIDS (almost ideal demand system) model of five jointly...
Persistent link: https://www.econbiz.de/10005041364
Anthropogenic emissions of carbon dioxide and other "greenhouse" gases have the potential to substantially warm climates worldwide. While the timing and magnitude of global warming is uncertain, scientists on the Intergovernmental Panel on Climate Change (IPCC) predict that average global...
Persistent link: https://www.econbiz.de/10005794839
We propose a regime-switching model that allows demand to respond asymmetrically to upward and downward advertising changes. With the introduction of a smooth transition function, the model features smooth rather than abrupt parameter changes between regimes. We apply the model to nonalcoholic...
Persistent link: https://www.econbiz.de/10005802785
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