Household demand for fats and oils: Two-step estimation of a censored demand system

Steven T. Yen, Kamhon Kan, Shew Jiuan Su

Research output: Contribution to journalArticlepeer-review

Abstract

A censored system of household fat and oil demand equations is estimated with a two-step procedure, using cross-sectional data from the 1987-1988 US Nationwide Food Consumption Survey. Own price and total expenditure elasticities are close to unity and there is no evidence of gross substitutability. Compensated elasticities suggest net substitution among the products considered.

Original languageEnglish
Pages (from-to)1799-1806
Number of pages8
JournalApplied Economics
Volume34
Issue number14
DOIs
Publication statusPublished - 2002
Externally publishedYes

ASJC Scopus subject areas

  • Economics and Econometrics

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