Measuring the Impacts of Generic Fluid Milk and Cheese Advertising: A Time-Varying Parameter Application
Todd Schmit and
Harry Kaiser ()
No 122635, Research Bulletins from Cornell University, Department of Applied Economics and Management
Previous constant-parameter demand models have estimated generic advertising elasticities for cheese to be below that for fluid milk. We relax this assumption, allowing for generic advertising response to vary over time. Cheese advertising elasticities were found below fluid milk up until the mid-1990s; average elasticities since have been similar. A benefit-cost ratio of the farmer-funded generic advertising program was estimated at $6.26:1 over the period of 1999-2001, indicating that generic advertising for fluid milk and cheese continues to be a viable and worthwhile program for milk producers
Keywords: Livestock Production/Industries; Marketing (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ags:cudarb:122635
Access Statistics for this paper
More papers in Research Bulletins from Cornell University, Department of Applied Economics and Management Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().