Estimation of food demand elasticities using Hicksian composite commodity assumptions.

From: Quarterly Journal of Business and Economics | Date: June 22, 1994| Author: Nelson, Julie A. | Copyright information

INTRODUCTION

Cross-section surveys of household food expenditure often have been used for the estimation of income elasticities of demand for food items; recently the potential for using them for the estimation of price elasticities has received renewed attention (Timmer and Alderman, Deaton, Cox and Wohlgenant, Nelson). When a survey contains information on both household expenditure on an item and the physical quantity purchased, one seems to have both a measure of quantit...

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