A consumer life­cycle demand system is constructed to investigate the presence of ra­ tional habits and effects of food safety information on U.S. meat consumption. Based on previous studies, information on meat recalls and media coverage of food safety events is used to measure consumer perception of meat quality. At quarterly frequen­ cies, U.S. meat demand is found to be intertemporally nons...

There are significant disparities in the wealth of nations and how incomes spent. For example, consumers poorest countries spend more than half income on food, while richest countries, this is one-tenth or less. We use recently published data from International Comparison Program for 176 to estimate cross-country demands. Considerable progress can be made accounting much consumption patterns wi...

Food occupies a role of particular importance in the consumer’s budget, especially in poor countries. This paper deals with special issues arising from modelling food consumption patterns in 138 countries, where per capita incomes differ by as much as a factor of 100. We explore various forms of the Engel curve, and emphasise the economic behaviour of the income elasticity and the [0, 1] domain...

complex interaction of supply and demand. In the short run, supplies are relatively fixed and inflexible, and prices adjust so products clear the market. What is produced is consumed. When supplies go up, price goes down and consumers buy more. Conversely, smaller supplies bring higher prices and smaller purchases. In the long run, farmers adjust production in response to market prices, produci...

The linear approximate version of the almost ideal demand system (LA-AIDS) model is estimated using data from the Lithuanian household budget survey (HBS) covering the period from July 1992 to December 1994. Price and real expenditure elasticities for 12 food groups were estimated based on the estimated coefficients of the model. Very little or nothing is known about the demand parameters of Li...