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Over the last 20 years, consumers have spent a declining portion of their income on food for consumption at home, while the share of income spent on meals purchased at restaurants, cafeterias, and fast-food chains has held constant This article attempts to explain this phenomenon by estimating a...
Persistent link: https://www.econbiz.de/10010881907
The current situation and prospects for coffee are of widespread interest to American consumers and to those who supply them, and it is of vital interest to the many Latin American countries that depend on coffee as a primary source of foreign exchange earnings. The smaller per capita use of...
Persistent link: https://www.econbiz.de/10010881946
This article presents estimates of the almost Ideal demand system (AIDS) for four food groups_and compares these estimates WI~h the AIDS' own linear approximate version and the linear expenditure system The AIDS IS indirectly nonadditive and has several desirable properties, making it a Viable...
Persistent link: https://www.econbiz.de/10010881948
Current pressure of demand on our food supplies, resulting from the accelerated defense program, has renewed the general interest in the food needs of our civilian population. Concepts of food needs vary from minimum quantities of food required to maintain health and activity to full consumer...
Persistent link: https://www.econbiz.de/10010881979
Measures of productivity, for agriculture as well as for the private sector of the economy as a whole, have a long and fruitful history in helping to interpret movements in output, prices, and factor costs. To an economist who is familiar with productivity research, and who has watched the...
Persistent link: https://www.econbiz.de/10010882033
Researchers have found it difficult to estimate reliable elasticities of demand for bread. The reason for this difficulty undoubtedly has been the lack of data regarding consumption (production) levels for bread. This paper reports the results of a statistical demand analysis for bread and...
Persistent link: https://www.econbiz.de/10010919386
The general purpose of the voluntary anti-inflation program was to limit price increases in markets where firms have discretionary price-setting power Results suggest that the program was partly successful with respect to some domestic food markets Retail prices for cereals and bakery products,...
Persistent link: https://www.econbiz.de/10010919717
For a half-century the parity ratio has served as the most commonly used measure of the effects of relative price changes on the farm economy The authors present a consistent economic model which measures the price-related income effects of relative price changes in selected sectors of the U.S....
Persistent link: https://www.econbiz.de/10010919761
This article surveys the theoretical and empirical literature on the economics of advertising during the last decade The survey notes several promising advances in theoretical modeling of the role of advertising in consumer choice and social welfare Numerous empirical investigations of food and...
Persistent link: https://www.econbiz.de/10010919317
Persistent link: https://www.econbiz.de/10010919772