Beer Snobs Do Exist: Estimation of Beer Demand by Type

Daniel Toro-Gonzalez, Jill McCluskey and Ron Mittelhammer ()
Authors registered in the RePEc Author Service: Daniel Toro González ()

Journal of Agricultural and Resource Economics, 2014, vol. 39, issue 2, 14

Abstract: Although mass-produced beers still represent the vast majority of U.S. beer sales, there has been a significant growth trend in the craft beer segment. This study analyzes the demand for beer as a differentiated product and estimates own-price, cross-price, and income elasticities for beer by type: craft beer, mass-produced beer, and imported beer. We verify that beer is a normal good with a considerably inelastic demand and also find that the cross-price elasticity across types of beer is close to zero. The results suggest that there are effectively separate markets for beer by type.

Keywords: Consumer/Household Economics; Demand and Price Analysis; Production Economics (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (18)

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Working Paper: Beer Snobs do Exist: Estimation of Beer Demand by Type (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:jlaare:186564

DOI: 10.22004/ag.econ.186564

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