The demand for beer in Czech Republic: inderstanding longrun on- and off-trade price elasticities

Stanislava Grosová, Michal Masár, Olga Kutnohorská and Vladimír Kubeš
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Michal Masár: Department of Economics and Management, Faculty of Chemical Engineering, University of Chemistry and Technology Prague, Prague, Czech Republic
Olga Kutnohorská: Department of Economics and Management, Faculty of Chemical Engineering, University of Chemistry and Technology Prague, Prague, Czech Republic
Vladimír Kubeš: Department of Economics and Management, Faculty of Chemical Engineering, University of Chemistry and Technology Prague, Prague, Czech Republic

Czech Journal of Food Sciences, 2017, vol. 35, issue 2, 165-170

Abstract: We provided estimates of price, cross-price, and income elasticities for on- and off-trade beer consumption using econometric models on time series data from 1994 to 2014. The empirical results indicate that the most important determinants of on-trade demand are the price of off-trade beer, the price of substitutes and past consumption, while the income elasticity was not found to be important. The most important determinants of off-trade beer demand were the price of on-trade beer and the price of substitutes.

Keywords: beer demand; price; cross-price and income-price elasticities; econometric model (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:caa:jnlcjf:v:35:y:2017:i:2:id:365-2016-cjfs

DOI: 10.17221/365/2016-CJFS

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