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Persistent link: https://www.econbiz.de/10009392490
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...
Persistent link: https://www.econbiz.de/10009392732
A procedure that corrects for selectivity bias is proposed to estimate demand functions using cross-sectional data under the assumption that prices vary across households. This procedure, which extends the work by Cox and Wohlgenant, includes a two-equation system of expenditure and unit value...
Persistent link: https://www.econbiz.de/10009392759
Using the 1987–88 Nationwide Food Consumption Survey, twelve food commodity groups were analyzed according to household poverty status. Parameter estimates were used to obtain subsistence expenditures, own-price elasticities, expenditure elasticities, and income elasticities. Own-price...
Persistent link: https://www.econbiz.de/10009397600
The two-step decision process for food-away-from-home (FAFH) consumption is empirically estimated using a generalization of the Heien and Wessells approach. Household information gathered by the National Panel Diary Group is used for the analysis. Marginal effects are corrected by untangling the...
Persistent link: https://www.econbiz.de/10009398039
Persistent link: https://www.econbiz.de/10010721824