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Registros recuperados: 7
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How Much Do Consumers Benefit from New Brand Introductions? The Case of Potato Chips AgEcon
Arnade, Carlos Anthony; Gopinath, Munisamy; Pick, Daniel H..
This study identifies consumer welfare from new brand introductions in the potato chip market. Price and variety effects of new brand introduction are measured by estimating a demand system underlying an expenditure function. Variety effects are positive in most cities, while price effects are generally negative when consumers exhibit some variety preference. Variety effects dominate price effects in most cities; an opposite effect observed in some cities may indicate high entry barriers or joint brand- and price-based marketing strategies. Results indicate that consumers and producers gain from product innovations, but substantial regional variation exists in the distributional effects of new brand introduction.
Tipo: Journal Article Palavras-chave: City-demand system; Compensating variation; Consumer welfare; New brands; Virtual prices; Consumer/Household Economics; Food Consumption/Nutrition/Food Safety.
Ano: 2011 URL: http://purl.umn.edu/105529
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Consumer incentives to comply with nutritional recommendations – an economic approach AgEcon
Dejgaard Jensen, Jorgen; Hansen, Aslak H.; Fagt, Sisse; Velsing Groth, Margit.
Inappropriate diets have been found to cause long-term health problems in most industrial and post-industrial countries worldwide. Despite the existence of dietary guidelines in many countries – and widespread familiarity with these guidelines – large shares of the populations do not comply with these guidelines. The objective of the paper is to investigate economic explanations for non-compliance quantitatively, focusing on consumers’ perceived value of reduced freedom of choice, if they should comply with the dietary recommendations. The paper establishes and econometric simulation model for Danish food consumers, which is used for calculating these economic welfare losses, as well as the contribution to these losses from individual recommendations....
Tipo: Conference Paper or Presentation Palavras-chave: Nutritional guidelines; Compensating variation; Econometric model; Agricultural and Food Policy; Consumer/Household Economics; Demand and Price Analysis; Food Consumption/Nutrition/Food Safety; Food Security and Poverty; Health Economics and Policy; D12; I12; Q18.
Ano: 2010 URL: http://purl.umn.edu/116432
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How does it work for Hungarian food consumers? A medium-term analysis AgEcon
Szigeti, Judith; Podruzsik, Szilard.
The accession of Hungary to the European Union (EU) in 2004 was expected to lead to price convergence to the EU levels. The influence of national and EU policies on Hungarian producers and consumers is important as they were facing a new situation. Consumers’ welfare depends on the constantly altering world- and common market, and political actions. The purpose of this study is to analyse welfare changes and distributional impacts on Hungarian food consumers. The paper focuses on Laspeyres index, compensating variation and elasticities of demand.
Tipo: Journal Article Palavras-chave: Food consumption; Consumer welfare; Compensating variation; Price change; Elasticity; Consumer/Household Economics; Food Consumption/Nutrition/Food Safety; Research Methods/ Statistical Methods.
Ano: 2011 URL: http://purl.umn.edu/102400
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HOW DAIRY PRICE CHANGES INFLUENCE THE CONSUMERS' WELFARE AgEcon
Huang, Kuo S.; Blayney, Donald P..
The Hicksian compensating variation is used to evaluate the consumers' welfare effects of price changes because of some hypothesized removals of Federal dairy policies and programs. The results indicate that consumers would reduce dairy expenditures from about one to two billion dollars nationally.
Tipo: Conference Paper or Presentation Palavras-chave: Compensating variation; Dairy demand elasticities; Dairy policies and programs.; Demand and Price Analysis.
Ano: 2003 URL: http://purl.umn.edu/22031
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MEASURING THE EFFECTS OF U.S MEAT TRADE ON CONSUMERS' WELFARE AgEcon
Huang, Kuo S..
A set of ordinary and inverse demand systems for U.S. quarterly meat consumption is estimated for use to measure the effects of U.S. meat trade on consumers' welfare. The approach is useful to incorporate all direct- and cross-commodity effects into price forecasting and the Hicksian compensating variation measurement.
Tipo: Journal Article Palavras-chave: Compensating variation; Ordinary and inverse demand systems; Consumer/Household Economics; Demand and Price Analysis.
Ano: 1993 URL: http://purl.umn.edu/15216
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Valuation of New Products in the Face of Consumer Income Disparity AgEcon
Pofahl, Geoffrey M.; Richards, Timothy J.; Tonsor, Glynn T..
The objective of this research is to begin exploring the welfare effects of new food product introductions and to determine whether such effects vary depending on the income classification of the customer base to which the products are introduced. In other words, when new products are introduced to both high- and low-income markets, is there a significant difference in estimated welfare effects that can be attributed to differences in consumer-base income levels? In an application involving new bottled juice introductions, we do, in fact, find notable differences in welfare effects accruing to different income-class cohorts. Our results provide important evidence of the need for an even greater understanding of new product welfare effects and how these...
Tipo: Conference Paper or Presentation Palavras-chave: Compensating variation; Differentiated products; Distance metrics; New product valuation; Retailing; Consumer/Household Economics.
Ano: 2009 URL: http://purl.umn.edu/49571
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How Increased Food and Energy Prices Affect Consumer Welfare AgEcon
Huang, Kuo S.; Huang, Sophia Wu.
We analyze the consumer welfare effects of increased food and energy prices and find that the own-price elasticities of both food and energy are relatively inelastic, which explain well the dynamics of the recent soaring food and energy prices. The estimated demand elasticities are then used to analyze the consumer welfare effects of price changes in food and energy. The results indicate that an increase of food and energy prices would incur a substantial consumer welfare loss, which is a heavy burden for low income households.
Tipo: Conference Paper or Presentation Palavras-chave: Demand elasticity; Compensating variation; Consumer welfare; Demand and Price Analysis.
Ano: 2009 URL: http://purl.umn.edu/49199
Registros recuperados: 7
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