Czech J. Food Sci., 2017, 35(2):165-170 | DOI: 10.17221/365/2016-CJFS

The demand for beer in Czech Republic: inderstanding longrun on- and off-trade price elasticitiesFood Technology and Economy, Engineering and Physical Properties

Stanislava Grosová*, Michal Masár, Olga Kutnohorská, Vladimír Kubeš
Department of Economics and Management, Faculty of Chemical Engineering, University of Chemistry and Technology Prague, Prague, Czech Republic

We provided estimates of price, cross-price, and income elasticities for on- and off-trade beer consumption using econometric models on time series data from 1994 to 2014. The empirical results indicate that the most important determinants of on-trade demand are the price of off-trade beer, the price of substitutes and past consumption, while the income elasticity was not found to be important. The most important determinants of off-trade beer demand were the price of on-trade beer and the price of substitutes.

Keywords: beer demand; price; cross-price and income-price elasticities; econometric model

Published: April 30, 2017  Show citation

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Grosová S, Masár M, Kutnohorská O, Kubeš V. The demand for beer in Czech Republic: inderstanding longrun on- and off-trade price elasticities. Czech J. Food Sci. 2017;35(2):165-170. doi: 10.17221/365/2016-CJFS.
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