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A great deal of research on farm and food policy and consumer choice focuses on the link between food consumption and nutrition. This paper presents and applies a new method to analyze the demand for food and nutrients, and consumer welfare. The foundation for this method is the recent extension...
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type="main" xml:id="rssa12013-abs-0001" <title type="main">Summary</title> <p>Do households cut back on food spending to finance the additional cost of keeping warm during spells of unseasonably cold weather? For households which cannot smooth consumption over time, we describe how cold weather shocks are equivalent to...</p>
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A well-known problem with revealed preference methods is that when data are found to satisfy their restrictions it is hard to know whether this should be viewed as a triumph for economic theory, or a warning that these conditions are so undemanding that almost anything goes. This paper allows...
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We merge detailed household level expenditure data from older households with historical local weather information. We then test for a heat or eat trade off: do houseolds cut back on food spending to finance the additional cost of keeping warm duing cold shocks? We find evidence that the poorest...
Persistent link: https://www.econbiz.de/10010330992
Standard economic theory implies that the labelling of cash transfers or cash-equivalents (e.g. child benefits, food stamps) should have no effect on spending patterns. The empirical literature to date does not contradict this proposition. We study the UK Winter Fuel Payment (WFP), a cash...
Persistent link: https://www.econbiz.de/10010331005
A well known problem with revealed preference methods is that when data are found to satisfy their restrictions it is hard to know whether this should be viewed as a triumph for economic theory, or a warning that these conditions are so undemanding that almost anything goes. This paper allows...
Persistent link: https://www.econbiz.de/10010288376