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Household Consumption of Food‐Away‐From‐Home: Total Expenditure and by Type of Food Facility
Author(s) -
McCracken Vicki A.,
Brandt Jon A.
Publication year - 1987
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 - 10.2307/1242277
Subject(s) - tobit model , consumption (sociology) , agricultural economics , consumer expenditure , economics , food away from home , production (economics) , differential (mechanical device) , food consumption , value (mathematics) , household income , consumer expenditure survey , business , aggregate expenditure , econometrics , microeconomics , public economics , geography , mathematics , statistics , social science , archaeology , sociology , engineering , aerospace engineering
Consistent with prior expectations based on household production theory, household income, time value, size and composition, and the environment in which production and consumption occurred were all important determinants of total household expenditures on food‐away‐from‐home. However, the importance of these factors varied by type of food facility: conventional restaurants, fast‐food facilities, and other commercial establishments. Decomposition of the tobit elasticities indicated the differential importance of market participation effects of household size, income, and time value by level of the variable and by type of food facility.