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Bayesian Estimation of a Censored AIDS Model for Whole Grain Products AgEcon
Ishdorj, Ariun; Jensen, Helen H..
When using household-level data in examining consumer's demand it is common to find that consumers purchase only a subset of the available goods, setting the demand for the remaining goods to zero. Ignoring such censoring of the dependent variables in the estimation can lead to biased parameter estimates. In this paper we investigate the household's demand for six types of whole grain and non-whole grain breakfast cereals and products using a censored Almost Ideal Demand System (AIDS) and estimate the parameters of the demand system via Bayesian methods. Using 2006 ACNielsen Homescan data we find that demand for whole grain and non-whole grain ready-to-eat cereals is less responsive to changes in prices; demand for whole-grain bars and non-whole grain hot...
Tipo: Conference Paper or Presentation Palavras-chave: AIDS model; Bayesian econometrics; Censored; Cereals; Whole grains; Demand and Price Analysis; C11; C34; D12.
Ano: 2008 URL: http://purl.umn.edu/6075
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DEMAND FOR BREAKFAST CEREALS: WHOLE GRAINS GUIDANCE AND FOOD CHOICE AgEcon
Ishdorj, Ariun; Jensen, Helen H..
When using household-level data to examine consumer demand it is common to find that consumers purchase only a subset of the available goods, setting the demand for the remaining goods to zero. Ignoring such censoring of the dependent variables can lead to estimators with poor statistical properties and estimates that lead to poor policy decisions. In this paper we investigate household demand for four types of breakfast cereals, such as whole grain ready-to-eat, non-whole grain ready-to-eat, whole grain hot and non-whole grain hot cereals, using a censored Al- most Ideal Demand System (AIDS) and estimate the parameters of the model via Bayesian methods. Using household level scanner data (ACNielsen Homescan) we find that demand for all types of breakfast...
Tipo: Conference Paper or Presentation Palavras-chave: AIDS model; Bayesian econometrics; Censored; Cereals; Whole grains; Agricultural and Food Policy; Consumer/Household Economics; Demand and Price Analysis; Food Consumption/Nutrition/Food Safety; Food Security and Poverty; Health Economics and Policy; C11; C34; D12.
Ano: 2010 URL: http://purl.umn.edu/116445
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