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The demand for beer in Czech Republic: inderstanding longrun on- and off-trade price elasticities

Author

Listed:
  • Stanislava Grosová
  • Michal Masár

    (Department of Economics and Management, Faculty of Chemical Engineering, University of Chemistry and Technology Prague, Prague, Czech Republic)

  • Olga Kutnohorská

    (Department of Economics and Management, Faculty of Chemical Engineering, University of Chemistry and Technology Prague, Prague, Czech Republic)

  • Vladimír Kubeš

    (Department of Economics and Management, Faculty of Chemical Engineering, University of Chemistry and Technology Prague, Prague, Czech Republic)

Abstract

We provided estimates of price, cross-price, and income elasticities for on- and off-trade beer consumption using econometric models on time series data from 1994 to 2014. The empirical results indicate that the most important determinants of on-trade demand are the price of off-trade beer, the price of substitutes and past consumption, while the income elasticity was not found to be important. The most important determinants of off-trade beer demand were the price of on-trade beer and the price of substitutes.

Suggested Citation

  • Stanislava Grosová & Michal Masár & Olga Kutnohorská & Vladimír Kubeš, 2017. "The demand for beer in Czech Republic: inderstanding longrun on- and off-trade price elasticities," Czech Journal of Food Sciences, Czech Academy of Agricultural Sciences, vol. 35(2), pages 165-170.
  • Handle: RePEc:caa:jnlcjf:v:35:y:2017:i:2:id:365-2016-cjfs
    DOI: 10.17221/365/2016-CJFS
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    References listed on IDEAS

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