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Price Elasticities of Food Demand: Compensated vs Uncompensated

Health economics, 2016-11, Vol.25 (11), p.1403-1408 [Peer Reviewed Journal]

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Title:
Price Elasticities of Food Demand: Compensated vs Uncompensated
Author: Clements, Kenneth W. ; Si, Jiawei
Subjects: Commerce - economics ; compensated price elasticities ; Diet - economics ; Diet - statistics & numerical data ; Economic models ; Elasticities ; Elasticity of demand ; Food ; Food consumption ; Health Behavior ; Humans ; Income ; Models, Statistical ; Policy making ; Price elasticities ; Price elasticity ; price elasticity of demand ; Socioeconomic Factors ; Uncompensated
Is Part Of: Health economics, 2016-11, Vol.25 (11), p.1403-1408
Description: Two recent studies have provided a comprehensive review/summary of a large number of estimates of the price elasticity of food consumption using a meta‐regression approach. In this letter, we introduce a way of removing the income effect from these elasticities to recover the compensated elasticities. Although the income effect is small, the compensated elasticities vary by income group. Both types of elasticity should possibly be considered when assessing the impact of policy changes on food consumption. Copyright © 2015 John Wiley & Sons, Ltd.
Publisher: England: Blackwell Publishing Ltd
Language: English
Identifier: ISSN: 1057-9230
EISSN: 1099-1050
DOI: 10.1002/hec.3226
PMID: 26332119
Source: MEDLINE
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