An Empirical Analysis of Factors Influencing Households’Demand for Omega-3 Enriched Eggs in the United States

Rafael Bakhtavortyan and Jose A Lopez

Journal of Agribusiness, 2020, vol. 38, issue 2

Abstract: A Tobit model is estimated using the 2016 Nielsen Homescan panel data on household purchases to analyze the impact of socioeconomic variables on the demand for omega-3 eggs in the United States. Own price, price of conventional eggs, household income, anda set of household demographic characteristics emerge as statistically significant determinants of the quantity purchased of omega-3 eggs. The demand for omega-3 eggs is found to be elastic, conventional eggs are substitutes for omega-3 eggs, and omega-3 eggs are a normal good and a necessity.

Keywords: Agribusiness (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ags:jloagb:310560

DOI: 10.22004/ag.econ.310560

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