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Meat Demand under Rational Habit Persistence

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  • Zhen, Chen
  • Wohlgenant, Michael K.

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.

Suggested Citation

  • Zhen, Chen & Wohlgenant, Michael K., 2005. "Meat Demand under Rational Habit Persistence," 2005 Annual meeting, July 24-27, Providence, RI 19145, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea05:19145
    DOI: 10.22004/ag.econ.19145
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    Cited by:

    1. M. P. McCullough & T. L. Marsh & R. Huffaker, 2013. "Reconstructing market reactions to consumption harms," Applied Economics Letters, Taylor & Francis Journals, vol. 20(2), pages 173-179, February.

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