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Expenditure patterns were examined for food partitioned into food at home and away from home to test the veracity of Engel's law. The analysis employed several functional forms and a Heckman two-step methodology to account for censored-response bias. Engel's law was verified in every case.
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Using the 1987–88 NFCS, a Heckman two-stage procedure was used to estimate the demand for prepared meals by U.S. households. Prepared meals were defined as those ready to eat and those ready to cook. Households headed by younger, more educated, and time-constrained managers were more likely to...
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In an effort to ease communication between packaged goods manufacturers and retailers, this study investigates food retailers'’ preferences concerning the various promotional programs used in their stores. Through the use of a mail survey, retail executives from supermarket companies shared...
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Agricultural cooperatives are a unique form of business whose performance is tied closely to the financial health of their farmer members. The changing business environment in Texas and other parts of the Midwest has put strain on farm and ranch owners as well as the cooperatives that serve...
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