Physiological, Gastronomic and Budgetary Aspects and the Diets of Perfectly and Imperfectly Lifetime-Rational Consumers

Amnon Levy ()

Economics Working Papers from School of Economics, University of Wollongong, NSW, Australia

Abstract: This paper analyzes the qualitative and quantitative deviations of rational consumers from their physiologically optimal diets with a distinction between a nutritionally and digestively superior food and a taste and price superior food. The inclusion of a cause-and-effect relationships of these quantitative and qualitative deviations with ageing, craving, digestive discomfort, health-dependent budget, non-food consumption and utility, uncertainty about food’s classification and imperfect dynamic consideration and sophistication adds realistic features to the analysis of rational eating and junk-food tax.pages

Keywords: Diet; Ageing; Craving; Rationality; Junk-Food Tax (search for similar items in EconPapers)
JEL-codes: D91 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-agr
Date: 2011
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Working Paper: Physiological, Gastronomic and Budgetary Aspects and the Diets of Perfectly and Imperfectly Lifetime-Rational Consumers (2011)
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Persistent link: http://EconPapers.repec.org/RePEc:uow:depec1:wp11-13

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