| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Micro-Demand Systems Analysis of Non-Alcoholic Beverages in the United States: An Application of Econometric Techniques Dealing With Censoring
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| Autores: |
Alviola, Pedro A., IV
Capps, Oral, Jr.
Wu, Ximing
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| Data: |
2010-04-15
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| Ano: |
2009
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| Palavras-chave: |
Censored demand systems
AIDS
QUAIDS
Two-Step Methods
Generalized Maximum Entropy
Amemiya-Tobin Framework
Non-Alcoholic Beverages
Agribusiness
Consumer/Household Economics
Demand and Price Analysis
Food Consumption/Nutrition/Food Safety
C34
D12
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| Resumo: |
A censored Almost Ideal Demand System (AIDS) and a Quadratic Almost Ideal Demand System (QUAIDS) were estimated in modeling non-alcoholic beverages. Five estimation techniques were used, including the conventional Iterated Seemingly Unrelated Regression (ITSUR), two-stage methods such as the Heien and Wessells (1990) and the Shonkwiler and Yen (1999) approaches, the generalized maximum entropy method and the Amemiya-Tobin framework of Dong, Gould and Kaiser (2004). Our results based on various specifications and estimation techniques are quantitatively similar and indicate that price elasticity estimates have a greater variability in more highly censored non-alcoholic beverage items such as tea, coffee and bottled water as opposed to less censored non-alcoholic beverage items such as carbonated softdrinks, milk and fruit juices.
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| Tipo: |
Conference Paper or Presentation
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| Idioma: |
Inglês
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| Identificador: |
http://purl.umn.edu/60462
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| Relação: |
Agricultural and Applied Economics Association>2010 Annual Meeting, July 25-27, 2010, Denver, Colorado
Selected Paper
10339
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| Formato: |
44
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