Price elasticities of food demand: compensated vs uncompensated

Kenneth W. Clements; J.W. Si

doi:10.1002/hec.3226

Price elasticities of food demand: compensated vs uncompensated

Kenneth W. Clements, J.W. Si

UWA Business School

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Abstract

Two recent studies have provided a comprehensive review/summary of a large number of estimates of the price elasticity of food consumption using a meta-regression approach. In this letter, we introduce a way of removing the income effect from these elasticities to recover the compensated elasticities. Although the income effect is small, the compensated elasticities vary by income group. Both types of elasticity should possibly be considered when assessing the impact of policy changes on food consumption. Copyright (c) 2015 John Wiley & Sons, Ltd.

Original language	English
Pages (from-to)	1403-1408
Number of pages	6
Journal	Health Economics
Volume	25
Issue number	11
Early online date	2 Sept 2015
DOIs	https://doi.org/10.1002/hec.3226
Publication status	Published - Nov 2016

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10.1002/hec.3226

Price Elasticities of Food Demand Compensated vs Uncompensated
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Price elasticities of food demand: compensated vs uncompensated

Abstract

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