Showing 241 - 250 of 426
This study investigates consumer demand for meat products in Nigeria and tests if any of the meat products are separable from one another. Estimating a generalized nested demand system, the Rotterdam model was selected using an adjusted likelihood ratio test. Results indicate that mutton and...
Persistent link: https://www.econbiz.de/10005803102
Abstract: We estimate a semi-nonparametric demand system based on a multivariate version of the Muntz-Szatz series expansion which is called the Asymptotically Ideal Model (AIM). The model is applied to consumer demand for dried fruits, raisins, and dried plums. Results from the first and second...
Persistent link: https://www.econbiz.de/10005803338
In this paper we illustrate the use of alternative truncated regression estimators for the general linear model. These include variations of maximum likelihood, Bayesian, and maximum entropy estimators in which the error distributions are doubly truncated. To evaluate the performance of the...
Persistent link: https://www.econbiz.de/10005803527
Persistent link: https://www.econbiz.de/10005803670
This paper examines the impact of publicized food safety information on consumer price formation of meat (beef, pork, and poultry) and price flexibilities of the meat types. Preliminary analysis indicates that seasonal impact on meat price and some lagged food safety concerns are significant,...
Persistent link: https://www.econbiz.de/10005805284
A normalized quadratic input distance system is applied to estimate inverse demand relationships for wheat by class. Semi-nonparametric and Bayesian estimators are used to impose curvature on inputs and outputs. Price flexibilities are estimated for hard red winter, hard red spring, soft red...
Persistent link: https://www.econbiz.de/10005805884
A generalized maximum entropy estimator is developed for the linear simultaneous equations systems model. We provide results on large and small sample properties of the estimator. Empirical results illustrate efficiency advantages of the generalized maximum entropy estimator proposed in this...
Persistent link: https://www.econbiz.de/10005807297
The novel use of transferable deer hunting permits in Kansas has altered property rights to a traditionally government rationed good, providing the institutional framework and incentives for competitive market activity. This paper investigates how attributes of the permit itself, spatial...
Persistent link: https://www.econbiz.de/10005807500
This paper analyzes urban and rural food consumption in Tanzania using the Generalized Translog (GTL) expenditure system. We reject a pooled model in favor of two separate urban and rural models. Results indicate that subsistence consumption has significant effect on food demand in rural areas,...
Persistent link: https://www.econbiz.de/10005807502
Information theoretic estimators are specified for a system of linear simultaneous equations, including maximum empirical likelihood, maximum empirical exponential likelihood, and maximum log Euclidean likelihood. Monte Carlo experiments are used to compare finite sample performance of these...
Persistent link: https://www.econbiz.de/10005807778