Modeling quality demand with data from Household Budget Surveys: An application to meat and fish products in Greece |
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Authors: | Achilleas Vassilopoulos Stathis Klonaris Andreas C Drichoutis Panagiotis Lazaridis |
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Institution: | 1. Department of Agricultural Economics, Agricultural University of Athens, Greece;2. Department of Economics, University of Ioannina, Greece |
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Abstract: | In this paper, we employ a method to examine the factors affecting quality choice by Greek households, using cross-sectional survey data. We illustrate the method using the raw data of the 2004/05 Household Budget Survey for meat and fish products. Quality elasticities of total food expenditure and household's age structure are derived. To cope with the zero expenditure problem, Heckman's two-step method is employed. Results generally suggest that several socio-economic factors affect quality demand for meat and fish. |
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