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Demand And Quality Uncertainty In Pecan Purchasing Decisions

Author

Listed:
  • Timothy PARK
  • Wojciech J. FLORKOWSKI

Abstract

Fixed search costs associated with locating and purchasing pecans invalidate the Tobit model. Factors such as perceived quality, ease of purchase, and familiarity with marketing outlets influence the fixed costs of pecan purchases. These factors have differing impacts on the probability of purchasing and the amount purchased based on the Heckman model. Failure to apply self-selectivity corrections produces misleading assessments of key variables influencing pecan purchases.

Suggested Citation

  • Timothy PARK & Wojciech J. FLORKOWSKI, 1996. "Demand And Quality Uncertainty In Pecan Purchasing Decisions," Faculty Series 96-22, University of Georgia, Department of Agricultural and Applied Economics.
    • Handle: RePEc:wop:geaafs:9622
    Note: Missing tables 1,2,3
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    2. Davis, Todd D. & Patrick, George F. & Coble, Keith H. & Knight, Thomas O. & Baquet, Alan E., 2005. "Forward Pricing Behavior of Corn and Soybean Producers," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 37(1), pages 145-160, April.
    3. Moore, Eli D. & Williams, Gary W., 2008. "Is the Texas Pecan Checkoff Program Working?," Reports 90497, Texas A&M University, Agribusiness, Food, and Consumer Economics Research Center.
    4. Lohr, Luanne, "undated". "Welfare Effects of Eco-label Proliferation: Too Much of a Good Thing?," New Economic Approaches to Consumer Welfare and Nutrition - FAMC 1999 Conference 260297, Food and Agricultural Marketing Consortium (FAMC).

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