Microeconometric models of infrequently purchased goods: An application to household pork consumption

Shew Jiuan B. Su*, Steven T. Yen

*此作品的通信作者

研究成果: 雜誌貢獻期刊論文同行評審

25 引文 斯高帕斯(Scopus)

摘要

The double-hurdle and infrequency-of-purchase models are generalized with the inverse hyperbolic sine transformation in the dependent variable. The resulting specifications feature more flexible parameterization and error distributions than the untransformed models. Using the 1987-88 Nationwide Food Consumption Survey data on household pork consumption, a nonnested test suggests that the IHS double-hurdle model provides better characterization of the data-generating process than the IHS infrequency-of-purchase model but the elasticities derived from these models are similar. Own-price effects on the probability and level of consumption are negative and significant, but the elasticities are small. Income and cross-price effects are not significant. Household age composition, education, gender of meal planner, and race are among the demographic variables that affect consumption.

原文英語
頁(從 - 到)513-533
頁數21
期刊Empirical Economics
21
發行號4
DOIs
出版狀態已發佈 - 1996
對外發佈

ASJC Scopus subject areas

  • 統計與概率
  • 數學(雜項)
  • 社會科學(雜項)
  • 經濟學與計量經濟學

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