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1993•AgEcon Search (University of Minnesota, USA)Open access

A Complete System of U.S. Demand for Food

Kuo S. Huang, Huang, Kuo S.

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Abstract

Consumer demand for food is an important component of the structure within which various agricultural policies have been formulated. To provide a model for food consumption forecasts and analyses of food program effects, a complete set of food demand relationships consisting of direct-and cross-price elasticities, and expenditure (income) a1asticities was computed. This report, in addition to improving methodology, updates and revises the demand elasticity estimates for a disaggregate U.S. food demand system published in 1985.

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Consumer demand for food is an important component of the structure within which various agricultural policies have been formulated. To provide a model for food consumption forecasts and analyses of food program effects, a complete set of food demand relationships consisting of direct-and cross-price elasticities, and expenditure (income) a1asticities was computed. This report, in addition to improving methodology, updates and revises the demand elasticity estimates for a disaggregate U.S. food demand system published in 1985.

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Available abstract

Consumer demand for food is an important component of the structure within which various agricultural policies have been formulated. To provide a model for food consumption forecasts and analyses of food program effects, a complete set of food demand relationships consisting of direct-and cross-price elasticities, and expenditure (income) a1asticities was computed. This report, in addition to improving methodology, updates and revises the demand elasticity estimates for a disaggregate U.S. food demand system published in 1985.

Key concepts: Economics, Price elasticity of demand, Agricultural economics, Consumer demand, Food systems, Food consumption, Agriculture, Income elasticity of demand

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