Showing 1 - 10 of 26
The generalized composite commodity theorem (GCCT) and testing procedure is extended to test for consistent aggregation of the United States and Mexican agricultural production data in each category for which earlier tests rejected homothetic separability. Nonrejected GCCT and separability...
Persistent link: https://www.econbiz.de/10009392843
Although meat demand is one of the most studied issues in agricultural economics, our understanding of this phenomenon has been hampered by valid concerns about model specification uncertainty. This article revisits the need for more general theories of aggregate U.S. meat demand. Using a...
Persistent link: https://www.econbiz.de/10005291130
This article develops a two-stage collective household production model for household food expenditures, parental time allocation, and childhood overweight. The model fills four gaps in the literature: (i) the "black box" treatment of intrahousehold decision making, (ii) exclusion of the child's...
Persistent link: https://www.econbiz.de/10009390677
Persistent link: https://www.econbiz.de/10009392330
Persistent link: https://www.econbiz.de/10009392349
In the past two decades, the profession has expended valuable resources testing structural change in meat demand with mixed results. Overlooked to date is a fundamental methodological problem that transcends all methods of testing for structural change. In this study, a methodological framework...
Persistent link: https://www.econbiz.de/10009392570
Understanding the role of health information in food and nutrient demand has become an important issue over the last decade. Endogeneity and measurement error are two empirical problems that are inherent in this type of analysis. While some type of instrumental variables estimation would appear...
Persistent link: https://www.econbiz.de/10009392868
Although meat demand is one of the most studied issues in agricultural economics, our understanding of this phenomenon has been hampered by valid concerns about model specification uncertainty. This article revisits the need for more general theories of aggregate U.S. meat demand. Using a...
Persistent link: https://www.econbiz.de/10009394150
In this article a unified approach for doing sensitivity analysis in equilibrium displacement models is presented that extends the existing method and overcomes many of its deficiencies. An empirical example from Gardner's seminal article highlights the advantages of the approach presented here....
Persistent link: https://www.econbiz.de/10009397483
Inherent in all demand studies is some form of product aggregation which can lead to product aggregation bias. This article develops a simple procedure for incorporating product aggregation bias in demand systems that permits testing of product aggregation bias with a standard likelihood ratio...
Persistent link: https://www.econbiz.de/10009397717