HOUSEHOLD DEMAND FOR FINFISH: A GENERALIZED DOUBLE-HURDLE MODEL

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 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-Whites, and the life-cycle variable “"young, single, no children”" are they key factors that affect significantly both the probability of participation and the level of finfish consumption. Furthermore, a variable may exert opposite effects on the probability and level of consumption.


Issue Date:
1996-12
Publication Type:
Journal Article
Record Identifier:
http://ageconsearch.umn.edu/record/31034
PURL Identifier:
http://purl.umn.edu/31034
Published in:
Journal of Agricultural and Resource Economics, Volume 21, Number 2
Page range:
220-234
Total Pages:
15




 Record created 2017-04-01, last modified 2018-01-22

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