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Demand for Fall Annual and Perennial Plants: Pansies and Mums in Independent Garden

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  • Wohlgenant, Michael K.
  • Rezitis, Anthony N.
  • Safley, Charles D.

Abstract

Analysis of demand for pansies and mums sold in independent garden centers indicates that price and age are important factors influencing demand. In the fall of 1996, data were collected from a survey of independent garden centers in North Carolina. Statistical analysis was conducted by estimating the relationship between consumer expenditure shares of pansies and mums and prices paid per plants, household income, and various demographic and product characteristic variables. The models were estimated by the least-squares method with correction for selectivity bias, resulting from zero purchases. Own-price elasticities of demand for pansies and mums of –0.80 and –0.76, respectively, were estimated. The results also indicate that older customers who live in attached housing (for pansies) and who are renters (for mums) are important determinants of demand.

Suggested Citation

  • Wohlgenant, Michael K. & Rezitis, Anthony N. & Safley, Charles D., 2001. "Demand for Fall Annual and Perennial Plants: Pansies and Mums in Independent Garden," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 2(2), August.
  • Handle: RePEc:ags:aergaa:26425
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    References listed on IDEAS

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    1. Giancarlo Moschini, 1995. "Units of Measurement and the Stone Index in Demand System Estimation," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 77(1), pages 63-68.
    2. McGuirk, Anya M. & Driscoll, Paul J. & Alwang, Jeffrey Roger & Huang, Huilin, 1995. "System Misspecification Testing And Structural Change In The Demand For Meats," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 20(01), July.
    3. Alessie, Rob & Kapteyn, Arie, 1991. "Habit Formation, Interdependent References and Demographic Effects in the Almost Ideal Demand System," Economic Journal, Royal Economic Society, vol. 101(406), pages 404-419, May.
    4. Chalfant, James A, 1987. "A Globally Flexible, Almost Ideal Demand System," Journal of Business & Economic Statistics, American Statistical Association, vol. 5(2), pages 233-242, April.
    5. Deaton, Angus S & Muellbauer, John, 1980. "An Almost Ideal Demand System," American Economic Review, American Economic Association, vol. 70(3), pages 312-326, June.
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    Keywords

    Crop Production/Industries;

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