This article investigates household consumption in 2011 and 2021, to see if there is evidence of changes in household demands of food. The European policy from Farm to Fork aims at providing sustainable, healthy food for all consumers, through an increase in vegetable consumption at the expense...

The study evaluates the effectiveness of Iranian government subsidies for households by comparing the welfare impact of food price shocks with the subsidy payments they receive. This helps us assess the government's efforts to reduce poverty in Iran. The household income and expenditure survey...

This study analyzes changes in household food consumption patterns and socio-economic demographic characteristics during the COVID-19 pandemic in Bali Province. This study uses secondary data collected by Statistics Indonesia, namely the National Socio-economic Survey (Susenas) data with the...

By combining econometric estimations with the calibration of consumer expenditure data, this study estimates a linear expenditure system (LES) for the 27 EU countries. We use the EU Household Budget Survey (HBS) data for the reference years of 2010 and 2015, which provide data for about 275, 000...

Reducing meat consumption has become a global policy target due to rising environmental, health, and animal welfare concerns. We provide novel evidence on how price change in real life affects grocery shopping behavior in the Netherlands. We focus on price-induced behavioral response among major...

There is growing concern among policymakers and researchers about the negative health and climate impacts of meat consumption. Consumers are encouraged to re-evaluate their dietary choices to preserve our ecosystem and reduce the burden of diet-related diseases. However, limited information is...

This study assesses the impact of two revolutions—the Tulip Revolution in 2005 and the Melon Revolution in 2010—on household food demand in Kyrgyzstan. Different categories within food products witnessed distinct adjustments in consumer demand. Employing a complete demand system and...

The location of production and processing has had an increasingly prominent role in discussions regarding food systems today. Acknowledging the increasing importance, we study consumer preferences for and perception of local products with a particular focus on how willingness to pay (WTP) for...

The structure of demand plays a fundamental role in shaping economic equilibrium. In computable general equilibrium analysis, comparative statics allow us to simulate how policies or external adjustments impact the equilibrium state. The results of these simulations are significantly influenced...

This study examined the consumption demands of short-, medium-, and long-haul tourists in Taiwan, considering the effects of tourism attractiveness, generational cohorts, and nationalities on tourism consumption demand. We employed an Almost Ideal Demand System model to estimate the expenditures...

The paper lists salient characteristics of the certainty theory of consumer choice and discusses the import of prominent empirical analyses of the theory. All of them reject the theory's empirical relevance which suggests that the theory is unfit to analyze consumer choice in an uncertain world....

The use of static-demand systems in empirical analysis assumes that consumers adjust immediately to a new long-run equilibrium path when a shock is encountered. However, adjustment is not always instantaneous. This paper utilizes an Error-Corrected Linear Approximate Almost Ideal Demand System...

In this paper, we introduce a new approach to estimating differentiated product demand systems that allows for products with zero sales in the data. Zeroes in demand are a common problem in differentiated product markets, but fall outside the scope of existing demand estimation techniques. We...

Nutritional transition - the changes in food consumption patterns from a healthy diet to an unhealthy diet, is identified as one of the leading causes of rising Non-Communicable Diseases (NCDs) in Law and Middle-Income Countries (LMICs). Using food demand elasticities, estimated through the...

Financial contagion has been widely recognized as a fundamental risk to the financial system. Particularly potent is price-mediated contagion, wherein forced liquidations by firms depress asset prices and propagate financial stress, enabling crises to proliferate across a broad spectrum of...

The increasing availability of retail scanner data makes it possible to study consumer demand at more disaggregated levels than ever before. This paper derives the asymptotic properties for a tractable iterated three stage least squares (I3SLS) estimator and applies it to estimate a quadratic...

Indonesia faces a challenge: its projected food demand cannot be met by domestic food production. From 2018 to 2021, the national demand for rice, maize, wheat flour, and soybeans gradually increased in Indonesia, with an estimated annual average growth of nearly 300,000 tonnes for rice, 16,000...

This paper develops linear estimators for structural and causal parameters in nonparametric,nonseparable models using panel data. These models incorporate unobserved, time-varying, individual heterogeneity, which may be correlated with the regressors. Estimation is based on an approximation of...

We propose a conformant likelihood estimator with exogeneity restrictions (CLEER) for random coefficients discrete choice demand models that is applicable in a broad range of data settings. It combines the likelihoods of two mixed logit estimators--one for consumer level data, and one for...

Introduction -- 2. Demand Elasticities Simplified I: Main Results -- 3. Demand Elasticities Simplified II: Further Results And Details -- 4. Food Demand I: Main Results -- 5. Food Demand II: Further Results and Details -- 6. Demand Systems I: Main Results -- 7. Demand Systems II: Further Results...

This study uses the Quadratic Almost Ideal Demand System to estimate food demand among Filipino households. Our study uses the recently released 2018 Family Income and Expenditure Survey and the Stone-Lewbel price index in the absence of price data on food groups. Results show that demand for...

We develop a two-layer asset pricing framework to analyze the fragility of the corporate bond market. In the model, households allocate wealth to institutional investors such as mutual funds and insurance companies. Institutional investors then allocate funds to specific assets. Equilibrium...

We extend the d cifically we analyse constant absolute and constant relative risk aversion, provide conditionsfor the existence of equilibrium, and evaluate equilibrium prices at US-data. We find that constant absolute risk aversion works particularly well at moderate levels of risk aversion. In...

When we talk about the consumption of a food, we must take into account its importance for a balanced human diet, its production capacity, consumer preferences for that food and, last but not least, retail prices. Taking into account the current challenges regarding the provision of food for the...

This paper assesses the profit and welfare effects of firms' ability to charge personalized prices in markets where consumer demand is sensitive to price changes. In a mill pricing model, regardless of demand elasticity, personalized pricing (PP) raises consumer surplus at the expense of...