Dhar, Tirtha Pratim; Chavas, Jean-Paul; Gould, Brian W. - Zwick Center for Food and Resource Policy, Department … - 2002
This article explores the issue of price and expenditure endogeneity in empirical demand analysis. The analysis focuses on the US carbonated soft drink market. We test the null hypothesis that price and expenditures are exogenous in the demand for carbonated soft drinks. Using an Almost Ideal...