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A heteroscedastic double-hurdle model is used to investigate household butter consumption in the United States. Results suggest that failure to incorporate heteroscedastic errors may lead to unreliable elasticity estimates. Decomposition of the effects of variables leads to insightful...
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This study estimates the effects of an urban growth boundary (UGB) on land development decisions in Knox County, TN, using a heteroscedastic probit model. With combined efforts of increased land development within the city boundary and decreased development within the UGB and the neighboring...
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Consumption of cigarettes, beer and wine by individuals is investigated, using a multivariate sample selection model. Empirical results suggest that the proposed model performs better than the restricted specifications. Gender differences are also present.
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We investigate the roles of consumer knowledge and sociodemographic factors in the consumption of meat products at home and away from home. Results indicate that health knowledge decreases consumption of beef and pork and increases consumption of poultry at home and away from home but does not...
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