At-Home Consumption of Cheese: A Purchase-Infrequency Model

Brian W. Gould

American Journal of Agricultural Economics, 1992, vol. 74, issue 2, 453-459

Abstract: For many commodities, zero purchases are recorded in household budget surveys even though positive consumption occurs. This may reflect a survey period that is shorter than the purchase cycle. The present study estimates a purchase-infrequency model for cheese using the 1987 BLS Consumer Expenditure Survey. Appropriateness of the Tobit specification is examined along with the assumption of independence of the two-stage expenditure decision process.

Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:74:y:1992:i:2:p:453-459.

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