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Accession Number PB2013-107187
Title Households' Choices Among Fluid Milk Products: What Happens When Income and Prices Change.
Publication Date Apr 2013
Media Count 36p
Personal Author D. Dong H. Stewart
Abstract Households have several ways to economize on their purchases at retail food stores when prices increase or their incomes fall. This report investigates a households choice among retail fluid milk products categorized along three dimensions: three levels of fat content, two levels of package size, and organic versus conventional methods of production. Nielsen Homescan data from 2007-08 are used to estimate a choice model, which accounts for price, income, and other choice determinants. Results show that small changes in prices and income have a modest impact on a households choice among milk products. However, households mitigate the impact of more substantial price and income shocks by switching from more expensive to less expensive products. We also fi nd that the demand for organic milk is more sensitive to swings in income and food prices than is demand for conventional milk.
Keywords Dairy products
Economy
Fluid milk
Households
Income
Milk
Organics
Prices
Purchases


 
Source Agency Economic Research Service
NTIS Subject Category 98B - Agricultural Economics
98H - Food Technology
96A - Domestic Commerce, Marketing, & Economics
92C - Social Concerns
Corporate Author Economic Research Service, Washington, DC.
Document Type Technical report
Title Note Economic research report.
NTIS Issue Number 1316
Contract Number N/A

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