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Testing for Preference Change in Consumer Demand: An Indirectly Separable, Semiparametric Model

GianCarlo Moschini ()

No 271033, 1990 Annual meeting, August 5-8, Vancouver, Canada from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This paper deals with the hypothesis that preference changes may partly explain observed consumption patterns. A model is developed based on indirect weak separability. The kernel estimator of the regression function models the unknown shape of demand functions, and a parametric structure models _seasonality, dynamics, and preference change. This semiparametric specification is applied to U.S. meat demand. The results support the notion that changes in consumer preferences, due to consumers' awareness of the health hazards of cholesterol and saturated fat intake, may explain an increased consumption of white meat and a decreased consumption of red meat.

Keywords: Demand and Price Analysis; Livestock Production/Industries (search for similar items in EconPapers)
Pages: 25
Date: 1990-08-05
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Related works:
Journal Article: Testing for Preference Change in Consumer Demand: An Indirectly Separable, Semiparametric Model (1991)
Working Paper: Testing for Preference Change in Consumer Demand: An Indirectly Separable, Semiparametric Model (1991)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea90:271033

DOI: 10.22004/ag.econ.271033

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