Journal Article

Estimation of Demand Functions Using Cross-Sectional Household Data: The Problem Revisited

Diansheng Dong, J.S. Shonkwiler and Oral Capps

in American Journal of Agricultural Economics

Published on behalf of Agricultural and Applied Economics Association

Volume 80, issue 3, pages 466-473
Published in print August 1998 | ISSN: 0002-9092
Published online August 1998 | e-ISSN: 1467-8276 | DOI: https://dx.doi.org/10.2307/1244549
Estimation of Demand Functions Using Cross-Sectional Household Data: The Problem Revisited

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  • Manufacturing
  • Household Behaviour and Family Economics
  • Econometric Modelling
  • Agricultural Economics

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A procedure that corrects for selectivity bias is proposed to estimate demand functions using cross-sectional data under the assumption that prices vary across households. This procedure, which extends the work by Cox and Wohlgenant, includes a two-equation system of expenditure and unit value functions. This model is applied to household expenditures for beef steaks and roasts.

Keywords: Cox; Wohlgenant procedure; cross-sectional data; demand function; selectivity bias; C510; D120; L660; Q110

Journal Article.  0 words. 

Subjects: Manufacturing ; Household Behaviour and Family Economics ; Econometric Modelling ; Agricultural Economics

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