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This paper develops a model for demand-system estimations, whose coefficients are own-price Marshallian elasticities and elasticities of substitution between goods. The model satisfies the homogeneity, symmetry and, eventually, adding-up restrictions implied by consumer theory. It is primarily...
Persistent link: https://www.econbiz.de/10010879581
Economic data with substantial seasonality are likely to have unit roots in more than one frequency. Using non-alcoholic beverage expenditure data from the United Kingdom, we empirically show that the absence of unit roots in one frequency (e.g. monthly) does not imply the absence of unit roots...
Persistent link: https://www.econbiz.de/10010916350
Food away from home (FAFH) comprises nearly half of all U.S. consumer food expenditures. Hence, policies designed to influence nutritional outcomes would be incomplete if they did not address the role of FAFH. However, because of data limitations, most studies of the response of food demand to...
Persistent link: https://www.econbiz.de/10010920052
This paper analyses the impact of food safety information about the “mad-cow” crisis on the demand for different types of fresh meat and fish in Spain. The theoretical model explicitly incorporates food safety information in the consumers’ utility function, from which demand equations are...
Persistent link: https://www.econbiz.de/10011069555
This paper analyses the impact of food safety information about the 'mad-cow' crisis on the demand for different types of fresh meat and fish in Spain. The theoretical model explicitly incorporates food safety information in the consumers' utility function, from which demand equations are...
Persistent link: https://www.econbiz.de/10005321080