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An Empirical Analysis of Factors Influencing Households’Demand for Omega-3 Enriched Eggs in the United States

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  • Bakhtavortyan, Rafael
  • Lopez, Jose A

Abstract

A Tobit model is estimated using the 2016 Nielsen Homescan panel data on household purchases to analyze the impact of socioeconomic variables on the demand for omega-3 eggs in the United States. Own price, price of conventional eggs, household income, anda set of household demographic characteristics emerge as statistically significant determinants of the quantity purchased of omega-3 eggs. The demand for omega-3 eggs is found to be elastic, conventional eggs are substitutes for omega-3 eggs, and omega-3 eggs are a normal good and a necessity.

Suggested Citation

  • Bakhtavortyan, Rafael & Lopez, Jose A, 2020. "An Empirical Analysis of Factors Influencing Households’Demand for Omega-3 Enriched Eggs in the United States," Journal of Agribusiness, Agricultural Economics Association of Georgia, vol. 38(2).
  • Handle: RePEc:ags:jloagb:310560
    DOI: 10.22004/ag.econ.310560
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    Keywords

    Agribusiness;

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