American consumers are inching ever closer to a dining watershed. The continued growing popularity of eating away from home has brought Americans to the verge of spending as much on food away from home as they do on food prepared at home. In 1970, Americans spent 34 percent of their food dollars...

This paper proposes a REversible Second-ORder Taylor (RESORT) expansion of the expenditure function to compute compensated income from ordinary demand functions as an alternative to the algorithm proposed by Vartia. These algorithms provide measures of Hicksian welfare changes and Konus-type...