In this study, the double-hurdle model typically used in cross-sectional data is extended to panel data structures. The new double-hurdle model can account not only for the censored nature of commodity purchases, but also for the dynamics of the purchase process. In this model, a flexible error...

Price promotion and generic advertising are two common strategies to increase consumer demand for food products. Which one is preferred over the other depends largely, on the relative importance of state dependence and heterogeneity in household purchase decision and behaviour on desired...

The innovation adoption literature has focused primarily on a producer's decision of whether and how much to adopt. An equally pertinent question is when to adopt, because in the case of new technologies it often 'pays to wait' for more information. We propose a double-limit hurdle model to...

A panel data double-hurdle model is developed to analyse household purchasing behaviour. The model, a time-series extension of Cragg's conventional double-hurdle model of censored consumption, is able to account not only for the censored nature of commodity purchases, but also for the temporal...

This article considers bilateral imperfect competition between processors and retailers to estimate the trade off between market power and cost efficiency. The model is based on pricing rules from a firm's profit maximization and nests both oligopoly and oligopsony models. An empirical analysis...

The organic dairy category is one of the fastest growing categories of organic foods in the US. Organic milk consumers generally cite perceived health benefits and lower risk of food contamination, as well as perceived superior quality and environmental sustainability of organic farming methods,...