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The US population now leads the world in obesity rates. The estimated societal cost of the overweight and obesity issue exceeds $115 billion. Policy may play a role if economically justifiable but conflicting interests exist.
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The role of health knowledge in consumer use of nutritional labels on food packages is explored using data from the 1995 Diet and Health Knowledge Survey. Two types of label use models, a binary choice label use model and a level of label use model, are employed with particular attention given...
Persistent link: https://www.econbiz.de/10005320585
This study examines the effects of a wife's participation in the labor force and other socioeconomic factors on family expenditures for prepared food, food prepared at home, and food away from home using the Bureau of Labor Statistics 1992 consumer expenditure survey. On the one hand, results...
Persistent link: https://www.econbiz.de/10005320618
Consumer spending at full-service and fast food restaurants will continue to grow over the remainder of this decade and the next. However, the larger increase is predicted to occur at full-service restaurants. Simulations assuming modest growth in household income plus expected demographic...
Persistent link: https://www.econbiz.de/10005320651
Food away from home is recognized as one of the reasons behind recent overweight and obesity surge. The relationship between Body Mass Index and the distributional effects of food consumed at home and away from home at different levels of aggregation, along with demographic profile covariates...
Persistent link: https://www.econbiz.de/10005327189
Willingness to pay (WTP) estimates for novel products are needed to assess consumers' valuation of these products as well as for product adoption and optimal pricing strategies. Using experiments in a retail setting, we compare hypothetical and non-hypothetical WTP values between a...
Persistent link: https://www.econbiz.de/10005327396
The food retailing sectors of the United States and Australia are large industries that are increasingly driven by consumer needs and wants. Both industries are changing to keep pace with social and economic developments. The premises are getting larger and one-stop shopping is becoming more...
Persistent link: https://www.econbiz.de/10005327685
This paper investigates the factors affecting product class involvement for food. Factors affecting specific aspects of involvement are also explored. The aim is to determine the factors that affect involvement with food and sketch the profile of consumers more likely to be involved or not...
Persistent link: https://www.econbiz.de/10005330228
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