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International Association of Agricultural Economists >
2012 Conference, August 18-24, 2012, Foz do Iguaçu, Brazil >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/127103
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| Title: | Demand for Food Away from Home: A Multiple Discrete/Continuous Extreme Value Model |
| Authors: | Richards, Timothy J.
Mancino, Lisa |
| Authors (Email): | Richards, Timothy (trichards@asu.edu)
Mancino, Lisa (lmancino@ers.usda.gov) |
| Keywords: | food away from home
demand
obesity
continuous / discrete models |
| Issue Date: | 2012 |
| Abstract: | Policymakers have suggested the use of taxes to raise the relative cost of buying fast food. Yet, little is known of the structure of demand for food-away-from-home (FAFH) in general. This study provides estimates of the price-elasticity of demand for four different types of FAFH using a new dataset from NPD, Inc. and an econometric approach that accounts for the multiple discrete / continuous nature of FAFH demand. We find that cross-price elasticities of demand are small, so consumers are unwilling to substitute between FAH and any type of FAFH or among types of FAFH. Therefore, taxing fast food may be effective in reducing the number of fast food visits and shifting consumption to at-home meals. |
| URI: | http://purl.umn.edu/127103 |
| Institution/Association: | International Association of Agricultural Economists>2012 Conference, August 18-24, 2012, Foz do Iguaçu, Brazil |
| Total Pages: | 33 |
| From Page: | 1 |
| To Page: | 33 |
| Collections: | 2012 Conference, August 18-24, 2012, Foz do Iguaçu, Brazil
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| Richards_IAAE_2012_Brazil.pdf | | 222Kb | PDF | View/Open |
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