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Asian governments intervene in the world rice market to protect domestic consumers. Whether consumers are nutritionally vulnerable depends on the elasticity of calories with respect to rice prices. Common demand models applied to household survey and market price data ignore quality substitution...
Persistent link: https://www.econbiz.de/10010897139
If relative prices of goods within a commodity group are constant, Hicksian separability lets the price of a single good represent the group price level. This is relied on by price questionnaires used in household surveys. Methods of estimating demand systems from household survey data also rely...
Persistent link: https://www.econbiz.de/10010897140
Asian governments intervene in the world rice market to protect domestic consumers. Whether consumers are nutritionally vulnerable depends on the elasticity of calories with respect to rice prices. Common demand models applied to household survey and market price data ignore quality substitution...
Persistent link: https://www.econbiz.de/10010636441