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Persistent link: https://www.econbiz.de/10009210429
The issue of the nature of the altruism inherent in blood donation and the perverse effects of financial rewards for blood and/or organ donation has been recently revisited in the economic literature with limited consensus. As Titmuss (1970) famously pointed out, providing monetary incentives to...
Persistent link: https://www.econbiz.de/10009221554
U.S. cheese consumption has grown considerably over the last three decades. Using a censored demand model and Nielsen Homescan retail data, this study identifies price and non-price factors affecting the demand for differentiated cheese products. Own-price and expenditure elasticities for all of...
Persistent link: https://www.econbiz.de/10009368761
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The multivariate sample selection model is extended to a nonlinear equation system with partial selection and applied to household meat consumption in China. Elasticity estimates differ from those obtained from conventional maximum likelihood and Tobit estimates. Chinese meat products are gross...
Persistent link: https://www.econbiz.de/10009392536
A quasi-maximum-likelihood estimator is proposed and applied to a censored Translog demand system for foods, using a sample of food stamp recipients in the United States. The procedure produces remarkably close parameter and elasticity estimates to those of the simulated-maximum-likelihood...
Persistent link: https://www.econbiz.de/10009392668
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The relationship between Food Stamp Program (FSP) participation and household food insecurity (FI) is investigated using data from the 1996–1997 National Food Stamp Program Survey. Endogeneity of FSP participation is accommodated with an instrumental variables approach. In contrast to other...
Persistent link: https://www.econbiz.de/10009394232
Heckman's sample-selection model is generalized to the multivariate case and used to estimate demands for cigarettes, beer, and wine by individuals in the United States. The specification allows correlations between the error terms of multiple selection and level equations, and nests the popular...
Persistent link: https://www.econbiz.de/10009397453
The dependent double-hurdle model is generalized by an inverse hyperbolic sine transformation of the dependent variable. The resulting specification features a flexible parameterization, accommodates heteroskedastic errors, and nests a range of common limited dependent variable models. Results...
Persistent link: https://www.econbiz.de/10009397866