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Estimating price and income elasticities in the presence of age-cohort effects

Authors :
Mori, Hiroshi
Clason, Dennis L.
Lillywhite, Jay M.
Source :
Agribusiness. Spring, 2006, Vol. 22 Issue 2, p201, 17 p.
Publication Year :
2006

Abstract

Bayesian cohort analysis was used to classify individual consumption derived from Japanese household data, by age, cohort, and period effects. The determined pure period effects were regressed against charges in price and income, to obtain less biased estimates for demand parameters than non- or partially age-compensated analysis.

Details

Language :
English
ISSN :
07424477
Volume :
22
Issue :
2
Database :
Gale General OneFile
Journal :
Agribusiness
Publication Type :
Periodical
Accession number :
edsgcl.148252804