DEMAND AND QUALITY UNCERTAINTY IN PECAN PURCHASING DECISIONS

Timothy Park and Wojciech J. Florkowski

No 16714, Faculty Series from University of Georgia, Department of Agricultural and Applied Economics

Abstract: Fixed search costs associated with locating and purchasing pecans invalidate the Tobit model. Factors such as perceived quality, ease of purchase, and familiarity with marketing outlets influence the fixed costs of pecan purchases. These factors have differing impacts on the probability of purchasing and the amount purchased based on the Heckman model. Failure to apply self-selectivity corrections produces misleading assessments of key variables influencing pecan purchases. (Missing tables 1,2,3)

Keywords: Demand and Price Analysis; Food Consumption/Nutrition/Food Safety (search for similar items in EconPapers)
Pages: 18
Date: 1996
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: DEMAND AND QUALITY UNCERTAINTY IN PECAN PURCHASING DECISIONS (1999)
Journal Article: Demand and Quality Uncertainty in Pecan Purchasing Decisions (1999)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ugeofs:16714

DOI: 10.22004/ag.econ.16714

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