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The world’s population is expected to reach 9 billion by 2050. Climate change, population, and income growth will drive food demand in the coming decades. Baseline scenarios show food prices for maize, rice, and wheat would significantly increase between 2005 and 2050, and the number of...
Persistent link: https://www.econbiz.de/10011132821
A food demand system is proposed, based on demand for energy, variety, and tastes of foods. By specifying utility as an explicit function of these characteristics, the entire matrix of demand elasticities can be derived for n foods and one nonfood from prior specification of just four...
Persistent link: https://www.econbiz.de/10004997311