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This study revisits the consistent aggregation (over households) property of almost ideal demand system (AIDS) models and presents a method to explicitly account for expenditure aggregation bias when estimating the aggregate AIDS model with time-series data. Ignoring aggregation bias can lead to...
Persistent link: https://www.econbiz.de/10009446624
An analytical framework to assess the effects of changing income and socio-demographic distributions on aggregate food demand functions in transitional economies is presented. Ignoring such distributional effects can lead to biased estimates of aggregate demand elasticities. The proposed method...
Persistent link: https://www.econbiz.de/10005798216
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The effects of product and economic characteristics on consumers who purchase six cuts of fresh beef (blocks/parts, steak, thinly sliced, diced, chopped, and ground) in urban areas of the United States, Japan, and Australia will be examined in this paper. Certain product characteristics (such as...
Persistent link: https://www.econbiz.de/10005310809
Understanding the implicit valuations of beef characteristics in the Japanese market has important policy implications for the U.S. beef industry. Hedonic price analysis was used to estimate beef characteristics values in Japan. Japanese Wagyu beef auction data were used in the analysis. © 1995...
Persistent link: https://www.econbiz.de/10008569707
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A two-stage budgeting model using Chinese rural survey data is used to assess rural Chinese household food demand. The second-step includes 11 categories including 4 vegetable groups and 3 fruit groups. The results indicate that grains are still important staple foods and that vegetables are...
Persistent link: https://www.econbiz.de/10005536433
An Inverse Almost Ideal Demand System is utilized to determine the effectiveness of Market Promotion Program (MPP) and Target Export Assistance (TEA) advertising and promotion expenditures in the Japanese market for meat. Using annual data, it is found that beef advertising and promotion has had...
Persistent link: https://www.econbiz.de/10005454350
Persistent link: https://www.econbiz.de/10010921536
This paper presents an application of Bayesian analysis to an AIDS model of Japanese meat demand extending previous approaches in three ways: (1) The methodology employed is robust with respect to the likelihood function but retains the generic, easily programmable character of algorithms...
Persistent link: https://www.econbiz.de/10005330948