Modeling quality demand with data from Household Budget Surveys: An application to meat and fish products in Greece
Achilleas Vassilopoulos,
Stathis Klonaris (s.klonaris@aua.gr),
Andreas Drichoutis and
Panagiotis Lazaridis (t.lazaridis@aua.gr)
Economic Modelling, 2012, vol. 29, issue 6, 2744-2750
Abstract:
In this paper, we employ a method to examine the factors affecting quality choice by Greek households, using cross-sectional survey data. We illustrate the method using the raw data of the 2004/05 Household Budget Survey for meat and fish products. Quality elasticities of total food expenditure and household's age structure are derived. To cope with the zero expenditure problem, Heckman's two-step method is employed. Results generally suggest that several socio-economic factors affect quality demand for meat and fish.
Keywords: Household Budget Survey; Quality; Demand; Heckman's two-step; Meat; Fish (search for similar items in EconPapers)
JEL-codes: C21 C54 C81 D12 R22 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecmode:v:29:y:2012:i:6:p:2744-2750
DOI: 10.1016/j.econmod.2012.08.024
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