Table 3.
Own-and-cross price elasticity estimates with quality correction and symmetry restricted
| Carbonated soft drinks | Malt drinks | Chocolate powder | Water | Sugar | ||||||
| Carbonated soft drinks | −0.76 | (0.01)* | 0.25 | (0.01)* | 0.15 | (0.01)* | −0.13 | (0.01)* | 0.05 | (0.01)* |
| Malt drinks | 0.21 | (0.00)* | −0.19 | (0.01)* | −0.27 | (0.01)* | −0.13 | (0.01)* | −0.03 | (0.01)* |
| Chocolate powder | 0.17 | (0.01)* | −0.36 | (0.00)* | −0.72 | (0.00)* | −0.05 | (0.01)* | 0.05 | (0.02)* |
| Water | −0.23 | (0.01)* | −0.29 | (0.01)* | −0.08 | (0.00)* | −0.99 | (0.00)* | −0.15 | (0.00)* |
| Sugar | 0.10 | (0.00)* | −0.06 | (0.01)* | 0.10 | (0.00)* | −0.16 | (0.00)* | −0.62 | (0.00)* |
Bootstrapped SEs after 150 replications are in brackets. Own-price elasticities are in bold.
*p<0.01.