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The obesity epidemic in the US and elsewhere has re-doubled efforts to understand determinants of the quality of consumers' diets. Part of the discussion has centered on the potential of 'fat taxes' and/or the subsidization of the purchase of fresh fruits and vegetables to coax consumers to...
Persistent link: https://www.econbiz.de/10008498761
Motivated by a lack of Engel flexibility in commonly used demand systems, Rimmer and Powell developed a new demand system. This system, referred to AIDADS, is implicitly, directly additive, possesses marginal budget shares and thus Engel elasticities, that vary nonlinearly with expenditure such...
Persistent link: https://www.econbiz.de/10009210145