This study estimates household demand for finfish in the United States using a limited dependent variable model that accounts for both participation and consumption decisions and also accommodates nonnormal and heteroskedastic errors. Results suggest that own-price elasticity is near unitary and income elasticity is small. Price of finfish, shopping frequency, Northeast, Black and other non-Whi...

BACKGROUND Chile is the second world's largest per capita consumer of caloric beverages. Caloric beverages are associated with overweight, obesity and other chronic diseases. The objective of this study is to estimate the price elasticity of demand for soft drinks, other sugar-sweetened beverages and high-energy dense foods in urban areas in Chile in order to evaluate the potential response of ...

Resolving the national debate on the affordability of health care is likely to turn, at least in part, on the question of how consumer demand for health insurance and health care services responds to changes in price or income. Estimates of responsiveness—measured as price and income elasticities—are often used to develop and analyze proposals to expand access to health insurance or constrain t...

This paper provides an empirical analysis of the effects of weight-based pricing in the collection of household waste. Using a comprehensive panel data set on all households in a Dutch municipality we estimate short-run as well as long-run price effects for the amounts of both compostable and non-recyclable household waste. We find significant and sizeable price effects, with the elasticity for...

We estimate the elasticity of charitable giving with respect to persistent and transitory price and income changes using a 1979–2006 panel of tax returns. Our estimation procedure allows for anticipation of and gradual adjustment to tax changes, controls for various potential sources of omitted variable bias via fi xed effects and income-class specifi c year dummies, and allows for a fl exible ...

OBJECTIVE During the past decades, smoking prevalence in Greece was estimated to be near or over 40%. Following a sharp fall in cigarette consumption, as shown in current data, our objective is to assess smokers' sensitivity to cigarette price and consumer income changes as well as to project health benefits of an additional tax increase. METHODS Cigarette consumption was considered as the de...

In this short paper, uncertainties on resource stock and on technical progress are introduced into an intertemporal equilibrium model of optimal extraction of a non-renewable resource. The representative consumer maximizes a recursive utility function which disentangles between intertemporal elasticity of substitution and risk aversion. A closed-form solution is derived for both the optimal ext...

When energy prices increased suddenly and unexpectedly in 1973-74 and 1979-80, a portion of the long-lived capital stock in U.S. manufacturing was rendered economically less valuable. In this paper we develop an analytical framework, consistent with the theory of cost and production, that provides an appealing structural interpretation of this capital revaluation phenomenon. In the spirit of a ...

almost ideal demand system (aids) and rotterdam model have been employed to (by means of seemingly unrelated regression (sur) estimate the function related to milk and dairy products in the urban societies of iran for years 1982 to 2009. cross and cross price elasticities have been evaluated too. results indicated that during the study period, share of milk products in household budget was more...

A quarterly, weakly-separable, Quadratic, Almost Ideal Demand System is estimated for beef, pork and chicken in Canada. The restrictions that would lead to the less flexible AIDS model were rejected at the five per cent level. Results for the first stage model indicated that demand for the meat group is inelastic, with an own-price elasticity of -0.24. Demand for beef in Canada was inelastic du...