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Cross Sectional Estimation Of Market Demand Elasticities For Natural Christmas Trees

Author

Listed:
  • Davis, George C.
  • Wohlgennat, Michael K.

Abstract

This paper uses the multinomial nested logit framework developed by McFadden (1978) to estimate the individual's demand parameters for natural Christmas trees. These parameters are then aggregated to obtain market demand elasticities, which to date have not been estimated.

Suggested Citation

  • Davis, George C. & Wohlgennat, Michael K., 1991. "Cross Sectional Estimation Of Market Demand Elasticities For Natural Christmas Trees," 1991 Annual Meeting, August 4-7, Manhattan, Kansas 271353, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea91:271353
    DOI: 10.22004/ag.econ.271353
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    References listed on IDEAS

    as
    1. Hamlett, Cathy Ann & Herrmann, Robert O. & Warland, Rex H. & Zhao, Fengkun, 1989. "Christmas Tree Consumption Behavior: Natural Vs. Artificial," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 18(2), pages 1-5, October.
    2. Lee, Lung-Fei, 1978. "Unionism and Wage Rates: A Simultaneous Equations Model with Qualitative and Limited Dependent Variables," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 19(2), pages 415-433, June.
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