Conditional Demand and Endogeneity? A Case Study of Demand for Juice Products
Mark G. Brown, Robert M. Behr, Jonq-Ying Lee
Journal of Agricultural and Resource Economics · 1994
doi:10.22004/ag.econ.31231 (opens in a new tab)
We email you when a new notice or a question about this paper appears.
Abstract
The question of endogeneity of conditional expenditures, as well as prices, in conditional demand equations for justices is examined. Both conditional expenditures and prices were found to be uncorrelated with the conditional demand errors, based on Wu-Hausman tests. Conditional demand error variance/covariance estimates and corresponding Slutsky coefficient estimates were approximately proportional, as predicted by the theory of rational random behavior, further supporting independence of conditional expenditures and conditional errors for juice demands.
Abstract licence: CC BY-NC
Reads
Read by people on this page
None yet.
Checked or read by AI through naulon
None yet.
A person counts once a day per paper. We keep no cookie and no address: a reader is a hash that changes every day. Any month under five reads shows no number.
Are you an author?
Is this your paper?
Claim it to add your note and be paid when agents cite it. Free.