Meat Demand under Rational Habit Persistence

Chen Zhen and Michael Wohlgenant ()

No 19145, 2005 Annual meeting, July 24-27, Providence, RI from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The objective of this paper is to explore the theoretical implications of a meat demand model with rational habits. To introduce consumption dynamics, habit persistence is used to motivate intertemporally related preferences. The impact of food safety information on meat consumption is systematically analyzed. Important differences between myopic habits and rational habits are outlined.

Keywords: Demand; and; Price; Analysis (search for similar items in EconPapers)
Pages: 32
Date: 2005
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Journal Article: Meat Demand under Rational Habit Persistence (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea05:19145

DOI: 10.22004/ag.econ.19145

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