We comment on a recent important article by Akbay et al. and discuss some methodological and estimation issues arising from their paper. We then suggest alternative procedures that may help improve their estimates and thereby enhance their usefulness as a basis for food policy and marketing...

Factors affecting nutritional food label use in Greece are examined using primary data collected from personal interviews with consumers shopping at supermarkets in Athens. The econometric approach treats nutrition knowledge, where appropriate, as an endogenous variable when estimating the...

Parametric discrete choice models are used in agricultural economics to correct outcome equations for selectivity bias. This note assesses empirically the distributional assumptions underlying these models using the HH-test and microdata on food purchases by Greek households. High rates of...

We examine inconsistencies in preference orderings using the Contingent valuation (CV) and the Inferred valuation (IV) methods. We find that in the context of a food market we do not observe strong inconsistencies. Weak inconsistencies are observed for the IV method, indicating that IV is...

This paper briefly covers some of the recent issues and policies related to nutrition, obesity and health. Some of the important economic research gaps, needs and challenges are then discussed focusing on few selected themes, namely the data needs, methodological and modelling challenges and...

The European Union is contemplating making the provision of nutritional labels in food products mandatory. Using data collected from food shoppers, we assessed consumers' valuation of nutritional labels by analysing their willingness to pay a premium for a box of cookies with a nutritional...