We develop a measure of consumer welfare by approximating Hicksian compensating variation as a function of all commodity prices and compensated price elasticities. The unique feature of this approach is that all direct- and cross-commodity effects of a demand system are incorporated into the...

Information about consumer welfare effects associated with quantity changes in demand is important for agricultural and food policy decision-makers because many policy options are directly related to controlling supplies as a means to stabilize or raise commodity prices and farmers’...

A set of ordinary and inverse demand systems for U.S. quarterly meat consumption is estimated for use to measure the effects of U.S. meat trade on consumers' welfare. The approach is useful to incorporate all direct- and cross-commodity effects into price forecasting and the Hicksian...

Economic factors such as food prices and consumer income affect food choices with consequences for the availability of nutrients. A model is developed to estimate how the availability of 28 nutrients would change as consumers alter their food purchases in response to changes in food prices and...