A Sample Selection Approach to Censored Demand Systems |
| |
| Authors: | Steven T. Yen Biing-Hwan Lin |
| |
| Affiliation: | Steven Yen is associate professor of Agricultural Economics at the University of Tennessee. Biing-Hwan Lin is agricultural economist at the Economic Research Service of the U.S. Department of Agriculture, Washington DC. |
| |
| Abstract: | The multivariate sample selection model is extended to a nonlinear equation system with partial selection and applied to household meat consumption in China. Elasticity estimates differ from those obtained from conventional maximum likelihood and Tobit estimates. Chinese meat products are gross complements while net substitution also exists in some cases. |
| |
| Keywords: | censoring China meat sample selection translog demand system |
|
