The demand for value-added and convenience: A household production approach

Timothy Richards, X. M. Gao and Paul M. Patterson
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X. M. Gao: AT&T, Jacksonville, Florida, Postal: AT&T, Jacksonville, Florida
Paul M. Patterson: Arizona State University, Postal: Arizona State University

Agribusiness, 1998, vol. 14, issue 5, 363-378

Abstract: Americans are consuming more complex carbohydrate-based foods. This study applies a household production model to investigate the role of US households' demand for value-added and convenience, both defined as nonmarket commodities, in complex carbohydrate consumption. Empirical estimates of a translog household production system using Nationwide Food Consumption Survey (NFCS) data from 1977-1978 and 1987-1988 provide estimates of these commodities' shadow values. The shadow values are used, in turn, to estimate demand functions for value-added and convenience. The results show highly significant and negative demand elasticities for both commodities, suggesting that this is a valuable tool for analyzing the structure of their demand. © 1998 John Wiley & Sons, Inc.

Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:wly:agribz:v:14:y:1998:i:5:p:363-378

DOI: 10.1002/(SICI)1520-6297(199809/10)14:5<363::AID-AGR3>3.0.CO;2-D

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