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The Demand For Butter, Margarine, And Oils: A Nonparametric Test For Evidence Of Structural Change

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  • Jensen, Kimberly L.
  • Bevins, Scott

Abstract

The objective of this study was to determine whether structural change in the demand for butter, margarine, and salad and cooking oils occurred between 1967 and 1986. A nonparametric method, which does not require that a functional form be imposed on the data, was used to test for violations from stable, well-behaved preferences. Violations were found, but they were small in magnitude. Therefore, the results failed to show strong evidence that consumption patterns for butter, margarine, and oils were inconsistent with stable preferences.

Suggested Citation

  • Jensen, Kimberly L. & Bevins, Scott, 1991. "The Demand For Butter, Margarine, And Oils: A Nonparametric Test For Evidence Of Structural Change," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 23(02), December.
  • Handle: RePEc:ags:sojoae:30044
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    References listed on IDEAS

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    1. Choi, Seungmook & Sosin, Kim, 1992. "Structural Change in the Demand for Money," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 24(2), pages 226-238, May.
    2. Chalfant, James A & Alston, Julian M, 1988. "Accounting for Changes in Tastes," Journal of Political Economy, University of Chicago Press, vol. 96(2), pages 391-410, April.
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    Keywords

    Demand and Price Analysis;

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