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Journal of Agricultural and Applied Economics >
Volume 35, Number 02, August 2003 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/43216
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| Title: | Impacts of Sample Size and Quality-Adjusted Imputed Prices on Own-Price Elasticities Estimated Using Cross-Sectional Data |
| Authors: | Stockton, Matthew C. |
| Keywords: | cross-sectional data
imputed prices
quality-adjusted prices |
| JEL Codes: | B41
D12
C21
C24 |
| Issue Date: | 2003-08 |
| Abstract: | Cross-sectional data sets containing expenditure and quantity information are typically used to calculate quality-adjusted imputed prices. Do sample size and quality adjustment of price statistically alter estimates for own-price elasticities? This paper employs a data set pertaining to three food categories-pork, cheese, and food away from home-with four sample sizes for each food category. Twelve sample sizes were used for both adjusted and unadjusted prices to derive elasticities. No statistical differences were found between own-price elasticities among sample sizes. However, elasticities that were based on adjusted price imputations were significantly different from those that were based on unadjusted prices. |
| URI: | http://purl.umn.edu/43216 |
| Institution/Association: | Journal of Agricultural and Applied Economics>Volume 35, Number 02, August 2003 |
| Total Pages: | 7 |
| From Page: | 415 |
| To Page: | 421 |
| Collections: | Volume 35, Number 02, August 2003
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Files in This Item:
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| Stockton JAAE August 2003.pdf | | 2588Kb | PDF | View/Open |
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