HOUSEHOLD DEMAND FOR FINFISH: A GENERALIZED DOUBLE-HURDLE MODEL

Steven T. Yen and Chung L. Huang

Journal of Agricultural and Resource Economics, 1996, vol. 21, issue 2, 15

Abstract: 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.

Keywords: Consumer/Household Economics; Demand and Price Analysis (search for similar items in EconPapers)
Date: 1996
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Citations: View citations in EconPapers (23)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:jlaare:31034

DOI: 10.22004/ag.econ.31034

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