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Consumer cohorts and demand elasticities

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  • Geir Wæhler Gustavsen

Abstract

A mixed effects model is used to estimate intercepts, price and expenditure elasticities for vegetables, meat and fish in different cohorts. Results from Wald tests reveal that intercepts for fish are higher for older cohorts than for younger cohorts, and expenditure elasticities for meat are higher for older cohorts than for younger cohorts. The implication is that over time, when younger cohorts replace older cohorts, the total expenditure share for fish is likely to decrease contributing to a negative trend in fish consumption. For meat, the total expenditure elasticity is likely to decrease.

Suggested Citation

  • Geir Wæhler Gustavsen, 2015. "Consumer cohorts and demand elasticities," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 42(2), pages 217-237.
    • Handle: RePEc:oup:erevae:v:42:y:2015:i:2:p:217-237.
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    File URL: http://hdl.handle.net/10.1093/erae/jbu020
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    Cited by:

    1. John Gibson & Bonggeun Kim, 2017. "30 Years of Being Wrong: A Systematic Review and Critical Test of the Cox and Wohlgenant Approach to Quality-Adjusted Prices in Demand Analysis," Working Papers in Economics 17/16, University of Waikato.
    2. Rickertsen, K. & Gustavsen, G.W. & Nayga, R.M. & Dong, D., 2018. "Acculturation in Food Choices among U.S. Immigrants," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277041, International Association of Agricultural Economists.
    3. Ji Yong Lee & Yiwei Qian & Geir Wæhler Gustavsen & Rodolfo M. Nayga & Kyrre Rickertsen, 2020. "Effects of consumer cohorts and age on meat expenditures in the United States," Agricultural Economics, International Association of Agricultural Economists, vol. 51(4), pages 505-517, July.

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