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The household production approach is used to characterize the household's preference toward nutrients in food consumption. Elasticities of substitution and Hicksian price elasticities are estimated, price- and expenditure-nutrient elasticities are calculated. Results show that protein is the...
Persistent link: https://www.econbiz.de/10005220865
A differential demand system for quasi separability is developed, following the approach used by Theil et al. in developing the Working-PI time series model. The Slutsky coefficients vary with commodity budget shares and intergroup substitution depends on group compensated price effects.
Persistent link: https://www.econbiz.de/10005026733
The differential demand system or Rotterdam model is extended to include lagged consumption through translation parameters, providing an alternative to simply adding constant terms to the model to allow for trends in consumption and changes in tastes. Application of the model to four broadly...
Persistent link: https://www.econbiz.de/10005026743
Demand relationships for two closely related products -- grapefruit juice and grapefruit-juice cocktail -- were estimated from grocery-store scanner data to analyze the contention that consumer confusion exists between the two products. Results suggest confusion may exist, with grapefruit-juice...
Persistent link: https://www.econbiz.de/10005026771