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This article uses a double-hurdle model to examine the demand for cheese. Essentially, this approach argues that the effects of advertising and other factors on product demand should be judged in terms of their influence on two separate decisions: a decision to participate in the market for...
Persistent link: https://www.econbiz.de/10008570201
Estimation and simulation of food expenditure models indicate that Americans 65 and older tend to spend more on food at home and less on food away from home than do younger households. Some regional variation occurs with the Northeast and West spending the most on total food. The econometric...
Persistent link: https://www.econbiz.de/10008570540