A Sample Selection Approach to Censored Demand Systems

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 complements while net substitution also exists in some cases. Copyright 2006 American Agricultural Economics Association.

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Year of publication:	2006
Authors:	Yen, Steven T. ; Lin, Biing-Hwan
Published in:	American Journal of Agricultural Economics. - American Agricultural Economics Association. - Vol. 88.2006, 3, p. 742-749
Publisher:	American Agricultural Economics Association

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005686087