Stasi, Antonio; Nardone, Gianluca; Viscecchia, Rosaria; … - In: International Journal of Wine Business Research 23 (2011) 1, pp. 49-61
provide demand estimates and elasticities (own‐price and substitution) in order to test this hypothesis and verify the … quadratic almost ideal demand on a four equation system. Estimates are obtained through an iterated version of a generalized … method of moments, which corrects for endogeneity determined by expenditure and prices in case of promotional activities …