Coupon Redemption and Its Effect on Household Cheese Purchases
同时估计美国家庭奶酪购买量、质量选择和优惠券兑换决策，发现高质量选择会减少购买量，而使用优惠券则显著增加购买量，且不同人口特征家庭在质量选择和优惠券兑换上存在差异。
Abstract By endogenizing unit value and coupon redemption, we estimate U.S. household cheese purchase, quality choice, and coupon redemption equations simultaneously. Zero purchases and missing values on coupons and unit values are taken into account in the model to correct for selectivity bias. Correlations among the three equations are found to be significant. Empirical findings show that high‐quality choice significantly decreases cheese purchases, while cheese coupon usage significantly increases purchases. We find that higher income households select higher quality cheese, while larger households choose lower quality cheese. For coupon redemption, we find that African‐American and Hispanic households redeem less, while Asian households have no significant difference compared to Caucasian households.