Conditional Demand and Endogeneity? A Case Study of Demand for Juice Products

Autor:	Mark G. Brown, Robert M. Behr, Jonq-Ying Lee
Jazyk:	angličtina
Rok vydání:	1994
Předmět:	conditional demand endogeneity juices promotion rational random behavior Agriculture
Zdroj:	Journal of Agricultural and Resource Economics, Vol 19, Iss 1, Pp 129-140 (1994)
Druh dokumentu:	article
ISSN:	1068-5502 2327-8285
DOI:	10.22004/ag.econ.31231
Popis:	The question of endogeneity of conditional expenditures, as well as prices, in conditional demand equations for justices is examined. Both conditional expenditures and prices were found to be uncorrelated with the conditional demand errors, based on Wu-Hausman tests. Conditional demand error variance/covariance estimates and corresponding Slutsky coefficient estimates were approximately proportional, as predicted by the theory of rational random behavior, further supporting independence of conditional expenditures and conditional errors for juice demands.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/33b7fafb08f1476384186d949a72c2f8 Zobrazit plný text záznamu View record in DOAJ