The FAST method: estimating unconditional demand elasticities for processed foods in the presence of fixed effects

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dc.contributor.authorBergtold, J.en
dc.contributor.authorAkobundu, E.en
dc.contributor.authorPeterson, Everett B.en
dc.contributor.departmentAgricultural and Applied Economicsen
dc.date.accessed2014-05-12en
dc.date.accessioned2014-05-14T14:25:07Zen
dc.date.available2014-05-14T14:25:07Zen
dc.date.issued2004-08en
dc.description.abstractThis study estimates a set of unconditional own-price and expenditure elasticities across time for 49 processed food categories using scanner data and the FAST multistage demand system with fixed effects across time. Estimated own-price elasticities are generally much larger, in absolute terms, than previous estimates, while our expenditure elasticities are generally much lower. The use of disaggregated product groupings, scanner data, and the estimation of unconditional elasticities likely accounts for these differences. Results of the study suggest providing more disaggregate product-level demand elasticities could aid in the economic analysis of issues relating to industry competitiveness or the impact of public policy.en
dc.description.versionPublished versionen
dc.format.mimetypeapplication/pdfen
dc.identifier.citationBergtold, J.; Akobundu, E.; Peterson, E. B., "The FAST method: estimating unconditional demand elasticities for processed foods in the presence of fixed effects," JARE 29(2):276-295 (2004); http://purl.umn.edu/31108en
dc.identifier.issn0162-1912en
dc.identifier.urihttp://hdl.handle.net/10919/48003en
dc.identifier.urlhttp://purl.umn.edu/31108en
dc.language.isoenen
dc.publisherWestern Agricultural Economics Associationen
dc.rightsIn Copyrighten
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/en
dc.subjectdemand elasticitiesen
dc.subjectindirect separabilityen
dc.subjectprocessed foodsen
dc.subjectweak separabilityen
dc.subjectprice leadershipen
dc.subjectwelfare lossesen
dc.subjectmeat-productsen
dc.subjectsystemsen
dc.subjectagricultural economics & policyen
dc.subjecteconomicsen
dc.titleThe FAST method: estimating unconditional demand elasticities for processed foods in the presence of fixed effectsen
dc.title.serialJournal of Agricultural and Resource Economicsen
dc.typeArticle - Refereeden
dc.type.dcmitypeTexten

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