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A SAMPLE SELECTION APPROACH TO CENSORED DEMAND SYSTEMS AgEcon
Yen, Steven T.; Lin, Biing-Hwan.
A censored demand system estimator is proposed by extending the sample selection model of Heckman. Censoring is governed by a selection mechanism which avoids the restricitve Tobit parameterization. Results of application to household consumption of beverages suggest the estimator produces slightly different elasticity estimates from the Tobit estimator. Demands for beverages are nearly unitary elastic, and net substitution is an obvious pattern.
Tipo: Conference Paper or Presentation Palavras-chave: Beverages; Censoring; Sample selection; Translog demand system; Demand and Price Analysis.
Ano: 2004 URL: http://purl.umn.edu/20082
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Conditional Demand System for Beverages AgEcon
Brown, Mark G.; Jauregui, Carlos E..
Estimates of a conditional demand system for twelve beverages, based on the Rotterdam model subject to a full, first-order autoregressive process, are discussed. Impacts of beverage prices, total beverage expenditures and promotions on beverage quantities demanded are provided. The results indicate that all beverages were normal goods; the majority had price elastic demands; most had a relatively large own-promotion effect; and a number of significant cross-promotional effects exist, indicating a relatively high level of competition for market share among the beverages studied.
Tipo: Report Palavras-chave: Conditional demand system; Beverages; Agribusiness.
Ano: 2011 URL: http://purl.umn.edu/104335
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Impact of Income on Price and Income Responses in the Differential Demand System AgEcon
Brown, Mark G..
An extension of the differential demand system model is developed that allows the demand system’s income and price responses to vary with income level. The model’s income flexibility and marginal propensities to consume (MPCs) out of income are made functions of real income measured by the Divisia volume index. The income flexibility is a factor of proportionality underlying all price effects and a change in this term impacts the sensitivity of all demands to prices. Price effects are also made a function of the MPCs using a uniform substitute specification. The model was used to analyze the conditional demands for a group of beverages. The findings indicate that changes in conditional total beverage expenditures result in various income and price...
Tipo: Report Palavras-chave: Differential demand system; Beverages; Income impacts on price and income responses; Consumer/Household Economics.
Ano: 2006 URL: http://purl.umn.edu/36836
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ESTIMATING COKE AND PEPSI'S PRICE ADVERTISING STRATEGIES AgEcon
Golan, Amos; Karp, Larry S.; Perloff, Jeffrey M..
AgEcon Search copy replaced with 1999 version 02/02/06.
Tipo: Working or Discussion Paper Palavras-chave: Strategies; Noncooperative games; Oligopoly; Generalized maximum entropy; Beverages; Marketing; C13; C35; C72; L13; L66.
Ano: 1997 URL: http://purl.umn.edu/25057
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Wine, alcohol and atherosclerosis: clinical evidences and mechanisms BJMBR
Luz,P.L. da; Coimbra,S.R..
Atherosclerosis is a chronic inflammatory disease which may cause obstructions of the coronary, cerebral and peripheral arteries. It is typically multifactorial, most often dependent on risk factors such as hypercholesterolemia, diabetes, smoking, hypertension, sedentarism, and obesity. It is the single main cause of death in most developed countries due to myocardial infarction, angina, sudden death, and heart failure. Several epidemiological studies suggest that moderate alcohol intake, especially red wine, decrease cardiac mortality due to atherosclerosis. The alcohol effect is described by a J curve, suggesting that moderate drinkers may benefit while abstainers and heavy drinkers are at higher risk. Experimental studies indicate that most beneficial...
Tipo: Info:eu-repo/semantics/article Palavras-chave: Coronary disease; Beverages; Drinks and cardiac protection; Flavonoids; Wine and grape juice.
Ano: 2004 URL: http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0100-879X2004000900001
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