Premium
Food and Consumer Economics
Author(s) -
Unnevehr Laurian,
Eales James,
Jensen Helen,
Lusk Jayson,
McCluskey Jill,
Kinsey Jean
Publication year - 2010
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.1093/ajae/aaq007
Subject(s) - economics , consumer demand , order (exchange) , poverty , agriculture , consumer behaviour , public economics , welfare , work (physics) , production (economics) , consumer welfare , derived demand , quality (philosophy) , agricultural economics , microeconomics , marketing , business , economic growth , demand curve , market economy , mechanical engineering , ecology , philosophy , finance , epistemology , engineering , biology
Agricultural economists first carried out demand studies in order to understand determinants of farm prices and incomes. The shift to a focus on consumer welfare began with studies of the role of food and food assistance in standards of living. Now the profession is more concerned with how information and quality attributes influence consumer behavior. Agricultural economists’ empirical work in this field has informed the development of household production theory, hedonic price theory, definitions of poverty thresholds, complete demand systems, and survey and experimental techniques to elicit preferences.