Functional Forms and the Demand for Meat in the United States: A Comment

Huang, Cliff J.; Grawe, Oliver R.; Gemmill, Gordon; Chang, Hui S.

doi:10.2307/1924285

Cited by 15 publications

(5 citation statements)

References 4 publications

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“…Poirier (1978)studied some estimation methodology when the error terms are truncated normal. For some discussion ofthe interpretation of estimated coefficients in Box-Cox models, see Poirier & Melino (1978), Huang & Kelingos (1979), Mallela (1980)and Huang & Grawe (1980). The generalized Box-Cox transformation has also been applied to model price changes (e.g.…”

Section: Hypothesis Tests and Other Inferences On The Transformation mentioning

confidence: 99%

The Box-Cox Transformation Technique: A Review

1992

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Section: Hypothesis Tests and Other Inferences On The Transformation mentioning

confidence: 99%

The Box-Cox Transformation Technique: A Review

1992

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“…Some arguments exist in favour of that restriction, essentially regarding the computation of expectations or marginal effects when the transformation parameter lies below zero (see [16][17][18]). In practice, there is however no reason why the Box-Cox parameter should not be negative, especially when the dependent variable has a heavily skewed distribution.…”

Section: Introductionmentioning

confidence: 99%

Assessing household health expenditure with Box–Cox censoring models

Chaze

2005

Health Economics

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In order to assess the combined presence of zero expenditures and a heavily skewed distribution of positive expenditures, the Box-Cox transformation with location parameter is used to define a set of models generalising the standard Tobit, Heckman selection and double-hurdle models. Extended flexibility with respect to previous specifications is introduced, notably regarding negative transformation parameters, which may prove necessary for medical expenditures, and corner-solution outcomes. An illustration is provided by the analysis of household health expenditure in Switzerland.

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“…The substitutability of chicken with other meat is clearly substantial, however, we still need to deal with almost perfect or close subs-titutes as the cases of fair trade/organic Vs regular coffee and ecolabelled Vs nonecolabelled goods. Some studies that have dealt with almost perfect substitutes are Huang et al (1980) -not based in any demand system does not provide estimates of cross price elasticities-and Abaelu and Manderscheid (1968) on coffee 13 . All the studies are base in log time series data.…”

Section: Demand Systemsmentioning

confidence: 99%

Técnicas económicas para la estimación de la demanda de productos sostenibles: Un estudio para el café de comercio justo y orgánico en el Reino Unido

Galarraga¹,

Markandya

2011

EARN

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SUMMARY:The hedonic approach is used in this paper to estimate how much is paid for the fair trade/organic characteristic of the coffee in the British market. This information is later combined with the Quantity Based Demand System (QBDS) model -developed by the authors-and the Almost Ideal Demand System (AIDS) (Deaton and Muellbauer, 1980) to completely determine the demand function for different coffees. The QBDS model is easier to handle and less data demanding than the AIDS model in this study.KEYWORDS: demand systems, hedonic method, coffee demand, labelling. JEL classification: C13, C21, D12.Técnicas económicas para la estimación de la demanda de productos sostenibles:Un estudio para el café de comercio justo y orgánico en el Reino Unido RESUMEN: El presente artículo se basa en la utilización del método hedónico para la estimación de la cantidad que se paga por la característica de «Orgánico/Comercio Justo» del café en el mercado

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Functional Forms and the Demand for Meat in the United States: A Comment

Cited by 15 publications

References 4 publications

The Box-Cox Transformation Technique: A Review

The Box-Cox Transformation Technique: A Review

Assessing household health expenditure with Box–Cox censoring models

Técnicas económicas para la estimación de la demanda de productos sostenibles: Un estudio para el café de comercio justo y orgánico en el Reino Unido

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