Studying household purchasing and nonpurchasing behaviour for a frequently consumed commodity: two models

C-Tier
Journal: Applied Economics
Year: 2008
Volume: 40
Issue: 15
Pages: 1941-1951

Authors (2)

Diansheng Dong (not in RePEc) Harry Kaiser (Cornell University)

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

A panel data double-hurdle model is developed to analyse household purchasing behaviour. The model, a time-series extension of Cragg's conventional double-hurdle model of censored consumption, is able to account not only for the censored nature of commodity purchases, but also for the temporal linkage of the purchase process. The panel data double-hurdle model is compared with the marked renewal model that has also been used for studying household purchasing behaviour. The empirical results of the double-hurdle model show that for household milk purchases hurdle due to noneconomic reasons exists. The results of the marked purchase renewal model showed that the duration dependence is positive. Both models fit the data well.

Technical Details

RePEc Handle
repec:taf:applec:v:40:y:2008:i:15:p:1941-1951
Journal Field
General
Author Count
2
Added to Database
2026-01-25