Consumer Choices and Welfare Gains from New, Healthy Products: A Virtual Price Approach
This paper models consumer food choices with respect to different margarine and spread brands that include a new healthy brand. The results show that the older and smaller size households with higher income and higher education are more likely to purchase the healthy brand. An Almost Ideal Demand System for six brands was estimated and the coefficients were used to calculate price and brand expenditure elasticities in order to examine the responsiveness of the consumers to economic variables.
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- Brian W. Gould, 1998. "Factors Affecting the Timing of Purchasing of Butter, Margarine, and Blends: A Competing Goods Analysis," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 80(4), pages 793-805.
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- Sonya Kostova Huffman & Stanley Johnson, 2002. "Re-evaluation of Welfare Changes during the Transition in Poland," Post-Communist Economies, Taylor & Francis Journals, vol. 14(1), pages 31-46.
- Sonya Kostova Huffman & Stanley R. Johnson, 2000. "Re-evaluation of Welfare Changes during the Transition in Poland," Food and Agricultural Policy Research Institute (FAPRI) Publications 00-wp255, Food and Agricultural Policy Research Institute (FAPRI) at Iowa State University.
- Huffman, Sonya K. & Johnson, Stanley R., 2002. "Re-Evaluation of Welfare Changes During the Transition in Poland," Staff General Research Papers Archive 11157, Iowa State University, Department of Economics.
- Sonya Kostova Huffman & Stanley R. Johnson, 2000. "Re-evaluation of Welfare Changes during the Transition in Poland," Center for Agricultural and Rural Development (CARD) Publications 00-wp255, Center for Agricultural and Rural Development (CARD) at Iowa State University.
- Robert C. Feenstra & Matthew D. Shapiro, 2003. "Scanner Data and Price Indexes," NBER Books, National Bureau of Economic Research, Inc, number feen03-1.
- Aviv Nevo, 2003. "New Products, Quality Changes, and Welfare Measures Computed from Estimated Demand Systems," The Review of Economics and Statistics, MIT Press, vol. 85(2), pages 266-275, May.
- Aviv Nevo, 2001. "New Products, Quality Changes and Welfare Measures Computed From Estimated Demand Systems," NBER Working Papers 8425, National Bureau of Economic Research, Inc.
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- Kelvin J. Lancaster, 1966. "A New Approach to Consumer Theory," Journal of Political Economy, University of Chicago Press, vol. 74, pages 132-132.
- Sonya Kostova Huffman & Stanley R. Johnson, 2004. "Impacts of Economic Reform in Poland: Incidence and Welfare Changes Within a Consistent Framework," The Review of Economics and Statistics, MIT Press, vol. 86(2), pages 626-636, May.
- Huffman, Sonya K. & Johnson, Stanley R., 2004. "Impacts of Economic Reform in Poland: Incidence and Welfare Changes Within a Consistent Framework," Staff General Research Papers Archive 11158, Iowa State University, Department of Economics.
- W. Erwin Diewert, 2003. "Hedonic Regressions. A Consumer Theory Approach," NBER Chapters,in: Scanner Data and Price Indexes, pages 317-348 National Bureau of Economic Research, Inc. Full references (including those not matched with items on IDEAS)
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