An Empirical Evaluation of Egg Demand in the United States

Rafael Bakhtavoryan, Vardges Hovhannisyan, Stephen Devadoss and Jose Lopez

Journal of Agricultural and Applied Economics, 2021, vol. 53, issue 2, 280-300

Abstract: We adopt an EASI model to estimate demand for omega-3, organic, cage-free, and conventional eggs in the United States. Our empirical framework accounts for demand inter-dependencies among these egg types, while allowing for unrestricted Engel curves, unobserved consumer heterogeneity, and a broader product and geographic coverage. We further address endogeneity of prices and expenditures and left-censoring induced by disaggregate data. Our results indicate that the demand for organic and cage-free eggs is price-elastic, while the demand for omega-3 and conventional eggs is price-inelastic. Additionally, we establish strong substitutability relationships between the eggs. Finally, we measure consumer welfare consequences of rising domestic egg prices brought by Japan’s egg import tariff reductions.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:cup:jagaec:v:53:y:2021:i:2:p:280-300_7

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