PRICE SENSITIVITIES FOR U.S. FROZEN DAIRY PRODUCTS

Leigh Maynard and V. Venkat Narayanan

No 19781, 2002 Annual meeting, July 28-31, Long Beach, CA from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Price elasticities and flexibilities for a system of frozen dessert products are estimated from scanner data. Simultaneity tests reject exogeneity of conditional expenditures, but not prices or quantities, at the weekly level. Inverting the elasticity matrix to obtain flexibilities, while theoretically appropriate, appears to be empirically unacceptable.

Keywords: Demand; and; Price; Analysis (search for similar items in EconPapers)
Pages: 21
Date: 2002
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Journal Article: Price Sensitivities for U.S. Frozen Dairy Products (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea02:19781

DOI: 10.22004/ag.econ.19781

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