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A Comparison of Price Imputation Methods under Large Samples and Different Levels of Censoring

Author

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  • Lopez, Jose Antonio
Abstract
Several imputation approaches under a large sample and different levels of censoring are compared and contrasted by using a multiple imputation methodology. The study not only discusses imputation approaches, but also quantifies differences in price variability before and after price imputation, evaluates the performance of each method, and estimates and compares parameters from a complete demand system. The study’s findings reveal that even when there is small variability among different price imputation approaches, there may be large variability among the underlying parameter estimates of interest and the ultimately desired measures. This suggests that a multiple imputation approach may be preferred over a comparison of mean prices among various imputation approaches.

Suggested Citation

  • Lopez, Jose Antonio, 2011. "A Comparison of Price Imputation Methods under Large Samples and Different Levels of Censoring," 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania 104498, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaea11:104498
    DOI: 10.22004/ag.econ.104498
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    Cited by:

    1. Ji Yong Lee & Yiwei Qian & Geir Wæhler Gustavsen & Rodolfo M. Nayga & Kyrre Rickertsen, 2020. "Effects of consumer cohorts and age on meat expenditures in the United States," Agricultural Economics, International Association of Agricultural Economists, vol. 51(4), pages 505-517, July.
    2. Boonsaeng, Tullaya & Carpio, Carlos E., 2019. "A Comparison of Food Demand Estimation from Homescan and Consumer Expenditure Survey Data," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 44(1), January.
    3. Boonsaeng, Tullaya & Carpio, Carlos E., 2017. "Budget Allocation Patterns of American Household across Income Level in the 21 Century," 2017 Annual Meeting, July 30-August 1, Chicago, Illinois 258245, Agricultural and Applied Economics Association.

    More about this item

    Keywords

    Consumer/Household Economics; Demand and Price Analysis; Research Methods/ Statistical Methods;
    All these keywords.

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