Showing 441 - 450 of 513
The double-hurdle model with dependence is extended by incorporating the Box-Cox transformation. The model nests a range of popular limited dependent variable models, including the Gaussian double-hurdle, the generalized Tobit, and two-part models. Estimates of US beef consumption suggest that...
Persistent link: https://www.econbiz.de/10014146227
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/10014056866
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/10014061130
The double-hurdle and infrequency-of-purchase models are applied to pork and cheese consumption using the 1987-88 Nationwide Food Consumption Survey data. Own-price effects on the probability and level of consumption are negative and significant for both pork and cheese, while income and...
Persistent link: https://www.econbiz.de/10005786251
In the 1992-93 period, nearly 40 percent of households in the United States purchased breakfast away from home and about 75 percent purchased lunch or dinner during a two-week span. Using a double-hurdle model in this study, the authors report that the wife's employment has a positive effect on...
Persistent link: https://www.econbiz.de/10005786586
This paper examines the role of socio-demographic and credit consumption tendencies in affecting credit card ownership and debt status. Based on a sample of 938 individuals from three major cities in Malaysia, card holders' debt status is measured in relation to credit card expenditure, which in...
Persistent link: https://www.econbiz.de/10010696038
Persistent link: https://www.econbiz.de/10005838066
The study employs the full-information maximum-likelihood method to estimate a censored translog demand system. U.S. household consumption of steak, roast, and ground beef are used to demonstrate the application of the estimation procedure. The proposed methodology produces more efficient...
Persistent link: https://www.econbiz.de/10005801091
Count data models that incorporate the existence of excess zero observations were employed to estimate minimum demand thresholds for rural Wisconsin retail sectors. It was found that single- and double-hurdle models improved the estimation of rural retail minimum demand thresholds.
Persistent link: https://www.econbiz.de/10005801281
This study investigates the determinants of crawfish consumption in South Louisiana using a generalized limited dependent variable model that accounts for both participation and consumption decisions. Income, Catholic, white, and household size increase the likelihood of crawfish consumption but...
Persistent link: https://www.econbiz.de/10005802741