A household-level demand system analysis of nuts in the United States. (7th August 2022)

• Record Type: Journal Article
• Authors: Bakhtavoryan, Rafael; Cheng, Guo "Chris"; Capps, Oral; Dharmasena, Senarath
• Is Part Of: Agricultural and resource economics review. Volume 51:Number 2(2022)
• Page Start: 283
• Page End: 310
• Publication Date: 2022-08-07
• Subjects: demand for peanuts and tree nuts -- Exact Affine Stone Index demand model -- household-level demand system analysis -- Nielsen Homescan panel data -- promotion expenditure; D12; Sustainable agriculture -- Periodicals; Sustainable agriculture -- United States -- Periodicals; Natural resources -- Periodicals; Agriculture -- Economic aspects -- Periodicals; Rural development -- Periodicals; 338.10974
• DOI: 10.1017/age.2022.11
• Languages: English
• ISSNs: 1068-2805

Abstract

Abstract: An Exact Affine Stone Index demand model is estimated to analyze the household-level demand for nine nut products (peanuts, pecans, almonds, cashews, walnuts, pistachios, mixed nuts, macadamia nuts, and other nuts) in the United States using Nielsen Homescan panel data from 2009 through 2015. The demands for all nuts are elastic. All nut products are necessities and substitutes for each other. Household sociodemographic characteristics are statistically significant drivers of the demand for nut products. Finally, the effects of changes in the magnitude of selected promotion expenditure elasticities for nuts are simulated to determine their impacts on prices and quantities demanded.