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Demand and Quality Uncertainty in Pecan Purchasing Decisions

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Author Info
Park, Timothy A
Florkowski, Wojciech J

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Abstract

A generalized Heckman model of purchase decisions incorporating perceived consumer quality attributes, ease of purchase, and familiarity with marketing outlets as factors influencing pecan purchases is estimated. Marketing efforts that encourage consumers to expand expenditures on nut products increase both the probability of pecan purchases and the amount purchased. Consumers who use all types of nuts in a wider variety of foods tend to purchase pecans more frequently. A diverse set of marketing outlets provides consumers with convenient sources for purchasing pecans and has a significant influence on the probability of pecan purchases but not the amount of pecans purchased.

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Publisher Info
Article provided by Southern Agricultural Economics Association in its journal Journal of Agricultural & Applied Economics.

Volume (Year): 31 (1999)
Issue (Month): 1 (April)
Pages: 29-39
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Handle: RePEc:jaa:jagape:v:31:y:1999:i:1:p:29-39

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Postal: Secretary/Treasurer, Dept. of Agricultural and Applied Economics, University of Georgia, Georgia Experiment Station, Griffin, Georgia 30223
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Related research
Keywords: generalized Heckman model pecan purchases Tobit

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Heckman, James J, 1979. "Sample Selection Bias as a Specification Error," Econometrica, Econometric Society, vol. 47(1), pages 153-61, January. [Downloadable!] (restricted)
  2. Scott, Frank & Garen, John, 1994. "Probability of purchase, amount of purchase, and the demographic incidence of the lottery tax," Journal of Public Economics, Elsevier, vol. 54(1), pages 121-143, May. [Downloadable!] (restricted)
  3. McDonald, John F & Moffitt, Robert A, 1980. "The Uses of Tobit Analysis," The Review of Economics and Statistics, MIT Press, vol. 62(2), pages 318-21, May. [Downloadable!] (restricted)
  4. Moffitt, Robert, 1983. "An Economic Model of Welfare Stigma," American Economic Review, American Economic Association, vol. 73(5), pages 1023-35, December. [Downloadable!] (restricted)
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This page was last updated on 2008-9-25.


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