A microeconometric analysis of consumer taste determination and taste change for beef

A new method for modeling determination of consumer taste and a test of the taste-change hypothesis is presented. Taste varies across households because of differences in household characteristics. The method has a Multiple Indicator and Multiple Cause model interpretation, with taste as an unobserv...

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Bibliographic Details
Published in:American journal of agricultural economics 1997-05, Vol.79 (2), p.573-582
Main Authors: Gao, X.M, Wailes, E.J, Cramer, G.L
Format: Article
Language:English
Subjects:
Agricultural economics
ANALISIS ECONOMICO
ANALYSE ECONOMIQUE
BEEF
beef demand
CARNE DE RES
Coefficients
Commodities
COMPORTAMIENTO DEL CONSUMIDOR
COMPORTEMENT DU CONSOMMATEUR
CONSOMMATION ALIMENTAIRE
CONSOMMATION DES MENAGES
CONSUMER BEHAVIOUR
CONSUMER PREFERENCES
consumer taste
Consumer tastes
Consumers
CONSUMO DE ALIMENTOS
CONSUMO FAMILIAR
Consumption
CONSUMPTION PATTERNS
D120
Demand
Demand curves
DEMAND FUNCTIONS
ECONOMETRIC MODELS
Econometrics
ECONOMIC ANALYSIS
ECONOMIC THEORIES
Expenditures
FEEDING PREFERENCES
FILTERED DEMAND
FONCTION DE DEMANDE
FOOD CONSUMPTION
FUNCIONES DE LA DEMANDA
Ground beef
Household characteristics
HOUSEHOLD CONSUMPTION
Households
Housing demand
Hypotheses
INCOME
LATENT TASTE DEMAND MODEL
latent variable
MEAL PATTERNS
Meat
Meats
MODELE ECONOMETRIQUE
MODELOS ECONOMETRICOS
MULTIPLE INDICATOR MULTIPLE CAUSE MODEL
PAUTAS ALIMENTARIAS
PRECIOS
PREFERENCE ALIMENTAIRE
PREFERENCIAS ALIMENTARIAS
PRICES
PRIX
Q110
RENTA
Restrictions
REVENU
SCHEMA ALIMENTAIRE
Taste
TASTE CHANGE HYPOTHESIS
TEORIAS ECONOMICAS
THEORIE ECONOMIQUE
Variables
VIANDE BOVINE
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Description
Summary:A new method for modeling determination of consumer taste and a test of the taste-change hypothesis is presented. Taste varies across households because of differences in household characteristics. The method has a Multiple Indicator and Multiple Cause model interpretation, with taste as an unobserved variable. Taste indicators are residuals of regular household demand functions, the factors unexplained by prices and household expenditures. Taste-cause variables are household characteristics and other variables. The proposed model is applied to U.S. beef demand using household data. Results show that structural taste changes, unexplained by changes in demographic composition, decreased 8% from 1977 to 1987.
ISSN:0002-9092
1467-8276
DOI:10.2307/1244154