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| 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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