Beer Snobs do Exist: Estimation of Beer Demand by Type

Daniel Toro-González, Jill McCluskey and Ron Mittelhammer ()
Authors registered in the RePEc Author Service: Daniel Toro González ()

No 169787, 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota from Agricultural and Applied Economics Association

Abstract: Although mass-produced beers still represent the vast majority of U.S. beer sales, there has been a significant growth trend in the craft beer segment. This study analyzes the demand for beer as a differentiated product and estimates own-price, cross-price and income elasticities for beer by type: craft beer, mass-produced beer, and imported beer. We verify that beer is a normal good with a considerably inelastic demand and also find that the cross price elasticity across types of beer is close to zero. The results suggest that there are effectively separate markets for beer by type.

Keywords: Demand and Price Analysis; Food Consumption/Nutrition/Food Safety (search for similar items in EconPapers)
Pages: 32
Date: 2014
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Citations: View citations in EconPapers (18)

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Journal Article: Beer Snobs Do Exist: Estimation of Beer Demand by Type (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea14:169787

DOI: 10.22004/ag.econ.169787

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