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Modeling U.S. Butter Consumption with Zero Observations

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  • Yen, Steven T.
  • Su, Shew-Jiuan

Abstract

A heteroscedastic double-hurdle model is used to investigate household butter consumption in the United States. Results suggest that failure to incorporate heteroscedastic errors may lead to unreliable elasticity estimates. Decomposition of the effects of variables leads to insightful information and makes the double-hurdle model a more useful tool in micro demand analysis. Larger and higher-income households are more likely to consume butter than others and also consume more, but income elasticity is very small. Age, region, and seasonality are among the other significant determinants of household butter consumption.

Suggested Citation

  • Yen, Steven T. & Su, Shew-Jiuan, 1995. "Modeling U.S. Butter Consumption with Zero Observations," Agricultural and Resource Economics Review, Cambridge University Press, vol. 24(1), pages 47-55, April.
    • Handle: RePEc:cup:agrerw:v:24:y:1995:i:01:p:47-55_00
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    Cited by:

    1. Bukari, Chei & Broermann, Shanaz & Okai, Davidson, 2021. "Energy poverty and health expenditure: Evidence from Ghana," Energy Economics, Elsevier, vol. 103(C).
    2. Eakins, John, 2016. "An application of the double hurdle model to petrol and diesel household expenditures in Ireland," Transport Policy, Elsevier, vol. 47(C), pages 84-93.
    3. Rong-Chang Jou & Yi-Hao Lu, 2021. "Car/Motorbike Drivers’ Willingness to Use and to Pay for Alcohol Interlock in Taiwan," IJERPH, MDPI, vol. 18(21), pages 1-18, November.
    4. Angulo, Ana Maria & Gil, Jose Maria & Gracia, Azucena, 2001. "The demand for alcoholic beverages in Spain," Agricultural Economics, Blackwell, vol. 26(1), pages 71-83, October.
    5. Carol Newman & Maeve Henchion & Alan Matthews, 2003. "A double-hurdle model of Irish household expenditure on prepared meals," Applied Economics, Taylor & Francis Journals, vol. 35(9), pages 1053-1061.
    6. Bardazzi, Rossella & Pazienza, Maria Grazia, 2018. "Ageing and private transport fuel expenditure: Do generations matter?," Energy Policy, Elsevier, vol. 117(C), pages 396-405.
    7. Seval Mutlu & Azucena Gracia, 2006. "Spanish food expenditure away from home (FAFH): by type of meal," Applied Economics, Taylor & Francis Journals, vol. 38(9), pages 1037-1047.
    8. Jungyeol Hong & Reuben Tamakloe & Dongjoo Park, 2019. "A Comprehensive Analysis of Multi-Vehicle Crashes on Expressways: A Double Hurdle Approach," Sustainability, MDPI, vol. 11(10), pages 1-22, May.

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