Quantity and quality effects of advertising are investigated in this article. A censored demand system is estimated for fish, beef, pork, and other meats using Norwegian household data. In the demand model, generic fish advertising and meat advertising is introduced as demand shifters, and at...

We extend the Tobit (censored) linear equation system procedure to utility-theoretic demand functions, along with a mapping mechanism to impose the adding-up restriction implied by consumer utility maximization theory—a theoretical restriction very often ignored in previous empirical studies...

A copula approach to censored system estimation is proposed. The quasi-maximum likelihood estimator departs from the multivariate normal error distribution predominantly used in existing estimators and resolves the computational difficulty with multiple probability integrals in high-dimensional...