A Mixture Model of Consumers' Intended Purchase Decisions for Genetically Modified Foods

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Kristine M. Grimsrud; Robert P. Berrens; Ron C. Mittelhammer;
  • Journal: Economics Bulletin, volume 3, issue 23, pages 1-11
  • Subject:
    • jel: jel:D1 | jel:C5

A finite probability mixture model is used to analyze the existence of multiple market segments for a pre-market good. The approach has at least two principal benefits. First, the model is capable of identifying likely market segments and their differentiating character... View more
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