Household consumption of cheese: An inverse hyperbolic sine double-hurdle model with dependent errors

S T Yen; Andrew Michael Jones

Household consumption of cheese: An inverse hyperbolic sine double-hurdle model with dependent errors

Economics

Research output: Contribution to journal › Article › peer-review

Abstract

The dependent double-hurdle model is generalized by an inverse hyperbolic sine transformation of the dependent variable. The resulting specification features a flexible parameterization, accommodates heteroskedastic errors, and nests a range of common limited dependent variable models. Results for U.S. household cheese consumption suggest that the homoskedastic and normal double-hurdle model is misspecified. Income elasticities are small and vary across household groups. Foodstamp recipients are more responsive to income changes than nonrecipients. Foodstamp recipients are also less likely to consume cheese but, conditional on consumption, spend more than nonrecipients.

Original language	English
Pages (from-to)	246-251
Number of pages	6
Journal	American Journal of Agricultural Economics
Volume	79
Issue number	1
Publication status	Published - Feb 1997

Keywords

cheese consumption
heteroskedasticity
limited dependent variable
Nationwide Food Consumption Survey
TOBIT-MODEL
CIGARETTE CONSUMPTION
HOME

Cite this

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title = "Household consumption of cheese: An inverse hyperbolic sine double-hurdle model with dependent errors",

abstract = "The dependent double-hurdle model is generalized by an inverse hyperbolic sine transformation of the dependent variable. The resulting specification features a flexible parameterization, accommodates heteroskedastic errors, and nests a range of common limited dependent variable models. Results for U.S. household cheese consumption suggest that the homoskedastic and normal double-hurdle model is misspecified. Income elasticities are small and vary across household groups. Foodstamp recipients are more responsive to income changes than nonrecipients. Foodstamp recipients are also less likely to consume cheese but, conditional on consumption, spend more than nonrecipients.",

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KW - heteroskedasticity

KW - limited dependent variable

KW - Nationwide Food Consumption Survey

KW - TOBIT-MODEL

KW - CIGARETTE CONSUMPTION

KW - HOME

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JO - American Journal of Agricultural Economics

JF - American Journal of Agricultural Economics

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