Table 5.

Expenditure elasticities and uncompensated own-price and cross-price demand elasticities estimated by linear hedonic Barten’s synthetic model.

	Almond Milk	Soy Milk	Rice Milk	2% Milk	1% Milk	Fat-Free Milk	Whole Milk	Expenditure
almond milk	−0.13 *	−0.06	−0.06 ***	−1.33 ***	−0.61 ***	−0.92 ***	−0.68 ***	3.60 ***
	(0.06)	(0.04)	(0.01)	(0.41)	(0.18)	(0.27)	(0.20)	(0.00)
soy milk	−0.03 ***	−0.50 ***	−0.02 ***	−3.71 ***	−1.62 ***	−2.46 ***	−1.85 ***	10.07 ***
	(0.00)	(0.04)	(0.00)	(0.45)	(0.20)	(0.30)	(0.22)	(1.21)
rice milk	−0.13 ***	−0.19 ***	−0.10	−0.91	−0.47	−0.50	−0.49	2.31
	(0.03)	(0.06)	(0.13)	(0.93)	(0.40)	(0.62)	(0.46)	(2.50)
2% milk	−0.00 ***	−0.02 ***	−0.00 ***	−0.42 ***	−0.11 ***	−0.17 ***	−0.12 ***	0.83 ***
	(0.00)	(0.00)	(0.00)	(0.03)	(0.01)	(0.04)	(0.01)	(0.07)
1% milk	−0.00 ***	−0.03 ***	−0.00 ***	−0.36 ***	−0.33 ***	−0.24 ***	−0.18 ***	1.14 ***
	(0.00)	(0.00)	(0.00)	(0.03)	(0.02)	(0.02)	(0.02)	(0.08)
fat-free milk	−0.00 ***	−0.01 ***	−0.00	−0.15 ***	−0.07 ***	−0.28 **	−0.07 **	0.57 ***
	(0.00)	(0.00)	(0.00)	(0.03)	(0.01)	(0.02)	(0.01)	(0.07)
whole milk	−0.00 ***	−0.01 ***	−0.00 ***	−0.14 ***	−0.06 ***	−0.10 ***	−0.22 ***	0.55 ***
	(0.00)	(0.00)	(0.00)	(0.04)	(0.02)	(0.02)	(0.03)	(0.10)

Note: p-value = 0.05 for rejecting the null hypothesis; ***, ** and * indicate significance at 0.001, 0.01, 0.05 levels. The value under each estimate is standard error.