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

Steven T. Yen; Kamhon Kan; Shew Jiuan Su

doi:10.1080/00036840210125008

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 journal › Article › peer-review

65 Citations (Scopus)

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 language	English
Pages (from-to)	1799-1806
Number of pages	8
Journal	Applied Economics
Volume	34
Issue number	14
DOIs	https://doi.org/10.1080/00036840210125008
Publication status	Published - 2002
Externally published	Yes

ASJC Scopus subject areas

Economics and Econometrics

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10.1080/00036840210125008

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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.",

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AB - 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.

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

Abstract

ASJC Scopus subject areas

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