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| Wohlgenant, Michael K.; Rezitis, Anthony N.; Safley, Charles D.. |
| Analysis of demand for pansies and mums sold in independent garden centers indicates that price and age are important factors influencing demand. In the fall of 1996, data were collected from a survey of independent garden centers in North Carolina. Statistical analysis was conducted by estimating the relationship between consumer expenditure shares of pansies and mums and prices paid per plants, household income, and various demographic and product characteristic variables. The models were estimated by the least-squares method with correction for selectivity bias, resulting from zero purchases. Own-price elasticities of demand for pansies and mums of 0.80 and 0.76, respectively, were estimated. The results also indicate that older customers who live... |
| Tipo: Journal Article |
Palavras-chave: Crop Production/Industries. |
| Ano: 2001 |
URL: http://purl.umn.edu/26425 |
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| Abdelmagid, Banaga D.; Wohlgenant, Michael K.; Safley, Charles D.. |
| Demand for selected nursery plants sold in North Carolina (i.e., begonia, dianthus, geranium, impatiens, marigold, petunia, and vinca) was found to be affected more by prices than by income, demographic, and other variables. By using cross-sectional data, a modified AIDS model, incorporating demographic variables and quadratic income response, was estimated. Inverse Mills's ratios were also included in the model to correct for selectivity bias, resulting from zero purchases. Significant own-price elasticities ranged from -0.71 to -1.65, and income elasticities ranged from -0.78 to 0.41. |
| Tipo: Journal Article |
Palavras-chave: Demand and Price Analysis. |
| Ano: 1996 |
URL: http://purl.umn.edu/31651 |
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