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A Sample Selection Approach to Censored Demand Systems

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Author Info
Steven T. Yen
Biing-Hwan Lin
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. Copyright 2006 American Agricultural Economics Association.

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Article provided by American Agricultural Economics Association in its journal American Journal of Agricultural Economics.

Volume (Year): 88 (2006)
Issue (Month): 3 (08)
Pages: 742-749
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Handle: RePEc:bla:ajagec:v:88:y:2006:i:3:p:742-749

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  1. Silvia Tiezzi & Fabrizio balli, 2008. "Households Consumption Patterns and Equivalence Scales in Italy: 1997-2004," Department of Economics University of Siena 535, Department of Economics, University of Siena. [Downloadable!]
  2. Marc-Andreas Muendler & Sascha O. Becker, 2009. "Margins of Multinational Labor Substitution," NBER Working Papers 14776, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  3. Rosario Crinò, 2009. "Service Offshoring and White-Collar Employment," UFAE and IAE Working Papers 775.09, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC). [Downloadable!]
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  4. Mikkel Barslund, 2007. "Estimation of Tobit Type Censored Demand Systems: A Comparison of Estimators," Discussion Papers 07-16, University of Copenhagen. Department of Economics. [Downloadable!]
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