Prices

Mapping Intimacies ◽

10.1093/oso/9780199379118.003.0005 ◽

2017 ◽

Author(s):

George C. Davis ◽

Elena L. Serrano

Keyword(s):

Food Consumption ◽

Price Elasticity ◽

Demand Function ◽

Demand Curve ◽

Food Choices ◽

Elasticity Of Demand ◽

Price Elasticity Of Demand ◽

Law Of Demand ◽

Food And Nutrition ◽

The Law

Chapter 5 focuses on how prices affect food and nutrition choices. This chapter presents and discusses the law of demand and the demand curve. The chapter explains the importance of the slope of the demand curve and how this relates to the price elasticity of demand. It also evaluates possible changes in food consumption, induced by a change in price, relative to a nutrient or food recommendation level. Factors that would cause the demand curve to change (shift) are discussed. The chapter explains the important difference between the demand curve and demand function. The chapter closes with some of the main empirical findings relating price to food choices and nutrition.

Download Full-text

Information and Preferences

10.1093/oso/9780199379118.003.0007 ◽

2017 ◽

Author(s):

George C. Davis ◽

Elena L. Serrano

Keyword(s):

Food Consumption ◽

Demand Function ◽

Demand Curve ◽

Food Choices ◽

Information Campaign ◽

Information Campaigns ◽

Economic Framework ◽

Food And Nutrition ◽

Role Of Information

Chapter 7 incorporates the role of information in a very general way into the economic framework developed in Chapters 3–6. The focus of the analysis is to determine how information may affect preferences and therefore influence the demand curve and demand function for foods. The chapter evaluates possible changes in food consumption induced by a change in an information campaign relative to a nutrient or food recommendation level. It shows how other factors may moderate or offset informational campaigns that are designed to improve healthy food choices. The chapter closes with some of the main empirical findings relating different information campaigns to food and nutrition choices.

Download Full-text

Revenue impact on the demand of Slovak households for meat and meat products

Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis ◽

10.11118/actaun201260020503 ◽

2012 ◽

Vol 60 (2) ◽

pp. 503-510 ◽

Cited By ~ 1

Author(s):

Ľubica Kubicová ◽

Zdenka Kádeková

Keyword(s):

Food Consumption ◽

Price Elasticity ◽

Social Groups ◽

Meat Products ◽

Total Expenditure ◽

Elasticity Of Demand ◽

Price Elasticity Of Demand ◽

Changing Patterns ◽

Cross Price Elasticity ◽

The Impact

Global economical crisis was felt in the differences in the incomes of the households and their food consumption. In the paper are analyzed the changing patterns in the structure of demand for meat and the impact on total expenditure on meat and meat products in the households of employees, households of self-employed persons and households of pensioners. When examining the sensitivity of demand to changes in consumer meat prices in different social groups of households was estimated own-price elasticity of demand, as well as cross-price elasticity.

Download Full-text

Convenience and Time

10.1093/oso/9780199379118.003.0006 ◽

2017 ◽

Author(s):

George C. Davis ◽

Elena L. Serrano

Keyword(s):

Food Consumption ◽

Demand Function ◽

Demand Curve ◽

Food Choices ◽

Time Constraint ◽

Time Price ◽

Money Price

Chapter 6 incorporates a time constraint into the analysis presented in Chapter 5. It demonstrates how some individuals may be “time poor but money rich” but others may be “time rich but money poor”. The chapter shows how the money price and time price of a good can be brought together to create what economists call the “full price” of a good. The chapter explains how this extension affects the demand curve and demand function from Chapter 5. To make the discussion policy relevant, the possible change in food consumption induced by a change in money price or time price is evaluated relative to a nutrient or food recommendation level. The chapter closes with some of the main empirical findings relating time to food choices and nutrition.

Download Full-text

A Monopolist Can Never Price in the Inelastic Range of a Demand Curve or Can It?1

The American Economist ◽

10.1177/056943451105600213 ◽

2011 ◽

Vol 56 (2) ◽

pp. 108-117

Author(s):

C. W. Yang ◽

C. B. Hawley ◽

B. N. Huang ◽

M. J. Hwang

Keyword(s):

Elasticity Theory ◽

Price Elasticity ◽

Structural Changes ◽

Demand Curve ◽

Order Condition ◽

Theoretical Limit ◽

Elasticity Of Demand ◽

Price Elasticity Of Demand ◽

Long Time ◽

Price Leader

In this paper, we expand the double price elasticity theory developed by Greenhut, Hwang, and Ohta (1974) by including a general cost condition for a profit-maximizing monopolist, cartel, or price leader. Our model generalizes the conventional second-order condition as it incorporates the non-converging price elasticity. Contrary to the textbook prediction, a structural changes or an income effect in tobacco, crude oil and other demand inelastic markets can render the price elasticity of demand to oscillate for a long time but never reach its theoretical limit even in a very long time.

Download Full-text

An Econometric Study of the Demand for Fertilizers in Pakistan

The Pakistan Development Review ◽

10.30541/v14i1pp.135-141 ◽

1975 ◽

Vol 14 (1) ◽

pp. 135-141

Author(s):

Mahmood A. Ayub

Keyword(s):

Price Elasticity ◽

Demand Function ◽

Point Of View ◽

Crucial Importance ◽

Elasticity Of Demand ◽

Price Elasticity Of Demand ◽

Policy Measures ◽

The Government ◽

Fertilizer Demand

An empirical study of the demand for fertilizers in Pakistan is important for at least two reasons. First, we can identify the various factors responsible for the determination of demand. This will obviously depend to a large extent on the arguments we include in the demand function and the mathematical specification of the model. Nevertheless, one can obtain a rough idea of the importance of the various factors in the total demand for fertilizers. Second, a study of the demand side will enable us to obtain some estimates of the price elasticity of demand. Knowledge of price elasticity is extremely essential from the government policy point of view because the sale of fertilizers in Pakistan has been subsidized, and it is, therefore, essential to know the degree of respon-siveness of fertilizer demand to price changes. Despite the crucial importance for policy measures, hardly any econome¬tric study of the demand for fertilizers has been carried out in Pakistan. To the best of my knowledge, P.L. Leonard [5] is the only one who has attempted to carry out such a study for Pakistan. The aim of this paper is, therefore, to quantify the degree of importance of the various factors in the fertilizer demand of Pakistan.

Download Full-text