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Economics Department Working Paper Series
C24 - Single Equation Models; Single Variables: Truncated and Censored Models; Switching Regression Models
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Us Household Demand For Organic Fruit, Erik Nelson, John M. Fitzgerald, Nathan Tefft, John L. Anderson
Us Household Demand For Organic Fruit, Erik Nelson, John M. Fitzgerald, Nathan Tefft, John L. Anderson
Economics Department Working Paper Series
We estimate US household monthly elasticities of demand for some of the more popular organic fruits. To our knowledge, this is the first US-wide, multi-year analysis of price and income elasticities for various organic fruits. We calculate elasticities of demand for low-income, middle class, and rich income bracket households using three estimation techniques: two econometric methods and one machine learning method (least absolute shrinkage and selection operator (LASSO)). Demand estimates are based on Nielsen scanner data from approximately 60,000 households collected from 2011 to 2013. Generally, we find that own-price conditional and unconditional elasticities of demand for organic fruits are …