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This book analyzes demand and market share instability in both the cigarette and beer industries. The demand specifications focus on advertising expenditures, product price, income, and policy effects, while the market share instability specifications include advertising intensity, import intensity, two measures of market concentration, capital intensity, and the level of demand. U.S. data is used for the U.S. for the time period 1963-1996 for cigarettes, and 1953-2000 for beer. Although previous studies have focused on panel data sets for a large number of manufacturing industries when…mehr

Produktbeschreibung
This book analyzes demand and market share instability in both the cigarette and beer industries. The demand specifications focus on advertising expenditures, product price, income, and policy effects, while the market share instability specifications include advertising intensity, import intensity, two measures of market concentration, capital intensity, and the level of demand. U.S. data is used for the U.S. for the time period 1963-1996 for cigarettes, and 1953-2000 for beer. Although previous studies have focused on panel data sets for a large number of manufacturing industries when discussing market share instability, this thesis focuses on time series data for beer and cigarettes. Our demand results are consistent with the literature in that both beer and cigarettes are normal goods and have downward sloping demand curves. As for market share instability, an increase in the level of demand decreases market share instability for cigarettes, while the opposite holds true for beer.
Autorenporträt
Paul Deaver, un analista de energía, ha estado con la Comisión de Energía de California durante cinco años. Deaver tiene una maestría en economía, una licenciatura en matemáticas y una especialización en estadística, todas de C.S.U. Sacramento. Anteriormente se desempeñó como tutor de matemáticas para muchas escuelas secundarias en Sacramento, California.