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Health Econ. 2016 Nov;25(11):1403-1408. doi: 10.1002/hec.3226. Epub 2015 Sep 2.

Price Elasticities of Food Demand: Compensated vs Uncompensated.

Author information

1
Business School, The University of Western Australia, Perth, Western Australia, Australia. Ken.Clements@uwa.edu.au.
2
Business School, The University of Western Australia, Perth, Western Australia, Australia.

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.

KEYWORDS:

compensated price elasticities; food consumption; price elasticity of demand

PMID:
26332119
DOI:
10.1002/hec.3226
[Indexed for MEDLINE]

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