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A censored system of household fat and oil demand equations is estimated with a two-step procedure, using cross-sectional data from the 1987-1988 US Nationwide Food Consumption Survey. Own price and total expenditure elasticities are close to unity and there is no evidence of gross...
Persistent link: https://www.econbiz.de/10005505861
Heien and Wessells' two-step estimator for the multivariate sample-selection model has been used extensively during the past 15 years. A modified version of it, with slightly different selectivity regressors, has also appeared in the empirical literature. Both estimators are unfounded and...
Persistent link: https://www.econbiz.de/10005470615
Censoring mechanisms and gender differences are investigated for cigarette consumption by individuals in the USA. The Gaussian single-hurdle model is proposed which generalizes the specifications of Cragg (1971) and Heckman (1979) and allows examination of the empirical relevance of the two...
Persistent link: https://www.econbiz.de/10005643866
Responding to mounting evidence of the association between whole-grain consumption and a reduced risk of heart problems and other diseases, as well as an increased probability of body weight maintenance, the US Government has strongly encouraged its citizens to increase consumption of whole...
Persistent link: https://www.econbiz.de/10005282571
Many previous studies of US cigarette and alcohol consumption have focused on single equations. However, the addictive nature of consumption suggests that it is more appropriate to model these products as a system. We propose a two-step estimation procedure and apply the procedure to a system of...
Persistent link: https://www.econbiz.de/10009209982