Chung, Chanjin; Dong, Diansheng; Schmit, Todd M.; … - In: Agribusiness 21 (2005) 4, pp. 565-584
This study develops an empirical framework to estimate quality-adjusted price elasticities from cross-sectional data. The new approach shows the importance of properly adjusting for quality variation in both prices and quantities in demand analysis. When quality adjustment is concerned only with...