International price competition among food industries: The role of income, population and biased consumer preference

Madoka Okimoto

Economic Modelling, 2015, vol. 47, issue C, 327-339

Abstract: The poor’s sensitivity to prices means that a hike in food prices, as a burden on consumers, hinders the adequate supply of inexpensive food and worsens food safety problems caused by low-priced food. This paper theoretically studies the impact of economic growth with demographic transitions and food safety on food prices, providing a background for policies to protect consumers.

Keywords: Food security; Food price hike; Price competition; Income distribution; Population growth; Bounded rationality (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecmode:v:47:y:2015:i:c:p:327-339

DOI: 10.1016/j.econmod.2015.02.033

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