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Price Sensitivities for U.S. Frozen Dairy Products

  • Leigh J. Maynard (a1) and Venkat N. Veeramani (a1)

Abstract

Price elasticities and flexibilities for frozen dessert products were estimated from weekly scanner data, with emphasis on functional form selection, system misspecification testing, and endogeneity testing. Reciprocals of elasticities and elasticity matrix inversion were invalid means of obtaining flexibility estimates, leaving direct estimation as the only viable, albeit resource-intensive, approach.

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Price Sensitivities for U.S. Frozen Dairy Products

  • Leigh J. Maynard (a1) and Venkat N. Veeramani (a1)

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