Factors Affecting U.S. Demand for Reduced-Fat Fluid Milk
U.S. fluid milk consumption has changed dramatically since the early 1970s. Whole milk accounted for over 81% of commercial fluid milk disappearance in 1970. By 1993, this percentage was less than 39%. A three-equation fluid milk demand system is estimated for fluid milks that vary by fat content. T...
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| Format: | Article |
| Language: | English |
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Western Agricultural Economics Association
1996-07-01
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| Series: | Journal of Agricultural and Resource Economics |
| Subjects: | |
| Online Access: | https://ageconsearch.umn.edu/record/30998 |
| _version_ | 1811213184331153408 |
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| author | Brian W. Gould |
| author_facet | Brian W. Gould |
| author_sort | Brian W. Gould |
| collection | DOAJ |
| description | U.S. fluid milk consumption has changed dramatically since the early 1970s. Whole milk accounted for over 81% of commercial fluid milk disappearance in 1970. By 1993, this percentage was less than 39%. A three-equation fluid milk demand system is estimated for fluid milks that vary by fat content. The household panel data set used includes over 4,300 households that recorded fluid milk purchased for at-home consumption over a 12-month period. Given that many of these households did not consume one or more of the three milk types, the econometric model explicitly incorporates the censored nature of these commodity demands. Own- and cross-price and substitution estimated along with effects of household demographic characteristics. |
| first_indexed | 2024-04-12T05:41:43Z |
| format | Article |
| id | doaj.art-f5b1392847944044b9ef2ff2c7bfd371 |
| institution | Directory Open Access Journal |
| issn | 1068-5502 2327-8285 |
| language | English |
| last_indexed | 2024-04-12T05:41:43Z |
| publishDate | 1996-07-01 |
| publisher | Western Agricultural Economics Association |
| record_format | Article |
| series | Journal of Agricultural and Resource Economics |
| spelling | doaj.art-f5b1392847944044b9ef2ff2c7bfd3712022-12-22T03:45:37ZengWestern Agricultural Economics AssociationJournal of Agricultural and Resource Economics1068-55022327-82851996-07-01211688110.22004/ag.econ.3099830998Factors Affecting U.S. Demand for Reduced-Fat Fluid MilkBrian W. GouldU.S. fluid milk consumption has changed dramatically since the early 1970s. Whole milk accounted for over 81% of commercial fluid milk disappearance in 1970. By 1993, this percentage was less than 39%. A three-equation fluid milk demand system is estimated for fluid milks that vary by fat content. The household panel data set used includes over 4,300 households that recorded fluid milk purchased for at-home consumption over a 12-month period. Given that many of these households did not consume one or more of the three milk types, the econometric model explicitly incorporates the censored nature of these commodity demands. Own- and cross-price and substitution estimated along with effects of household demographic characteristics.https://ageconsearch.umn.edu/record/30998censored regressiondemand systemfluid milktranslog utility function |
| spellingShingle | Brian W. Gould Factors Affecting U.S. Demand for Reduced-Fat Fluid Milk Journal of Agricultural and Resource Economics censored regression demand system fluid milk translog utility function |
| title | Factors Affecting U.S. Demand for Reduced-Fat Fluid Milk |
| title_full | Factors Affecting U.S. Demand for Reduced-Fat Fluid Milk |
| title_fullStr | Factors Affecting U.S. Demand for Reduced-Fat Fluid Milk |
| title_full_unstemmed | Factors Affecting U.S. Demand for Reduced-Fat Fluid Milk |
| title_short | Factors Affecting U.S. Demand for Reduced-Fat Fluid Milk |
| title_sort | factors affecting u s demand for reduced fat fluid milk |
| topic | censored regression demand system fluid milk translog utility function |
| url | https://ageconsearch.umn.edu/record/30998 |
| work_keys_str_mv | AT brianwgould factorsaffectingusdemandforreducedfatfluidmilk |