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CROSS SECTIONAL ESTIMATION OF MARKET DEMAND ELASTICITIES FOR NATURAL CHRISTMAS TREES

George Davis and Michael K. Wohlgennat

No 271353, 1991 Annual Meeting, August 4-7, Manhattan, Kansas from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This paper uses the multinomial nested logit framework developed by McFadden (1978) to estimate the individual's demand parameters for natural Christmas trees. These parameters are then aggregated to obtain market demand elasticities, which to date have not been estimated.

Keywords: Crop Production/Industries; Marketing; Research Methods/ Statistical Methods (search for similar items in EconPapers)
Pages: 15
Date: 1991-08-04
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea91:271353

DOI: 10.22004/ag.econ.271353

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