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Dietary Bounds and Unshackled Demand Specifications

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  • Paul J. Driscoll
  • Anya M. McGuirk

Abstract

Conventional tests of revealed preference axioms (WARP and GARP) may yield false rejections of the hypothesis of a unique preference ordering when consumers face constraints in addition to a budget constraint. In this paper, nonparametric tests of WARP and GARP are generalized for consumers who enforce multiple constraints. In conjunction with conventional tests, the modified tests are used to reject meat demand specifications that are functions solely of price and expenditure variables. Richer specifications that include consumer perceptions of the fat content of meats and the fat constraint value in addition to conventional price and expenditure variables cannot be rejected. Copyright 1997, Oxford University Press.

Suggested Citation

  • Paul J. Driscoll & Anya M. McGuirk, 1997. "Dietary Bounds and Unshackled Demand Specifications," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(2), pages 566-572.
  • Handle: RePEc:oup:ajagec:v:79:y:1997:i:2:p:566-572
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    File URL: http://hdl.handle.net/10.2307/1244153
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    Cited by:

    1. Galvis-Aponte, Luis Armando, 2005. "La demanda de carnes en Colombia : un análisis econométrico," Chapters, in: Pérez-Valbuena, Gerson Javier (ed.),Microeconomía de la ganadería en Colombia, chapter 1, pages 12-40, Banco de la Republica de Colombia.
    2. Everett B. Peterson & Edward Van Eenoo & Anya McGuirk & Paul V. Preckel, 2001. "Perceptions of fat content in meat products," Agribusiness, John Wiley & Sons, Ltd., vol. 17(4), pages 437-453.
    3. Mekhtiev, Araz & Boisvert, Richard N., 1999. "Non-parametric Tests of Consumer Behavior in Transition Economies," Working Papers 127702, Cornell University, Department of Applied Economics and Management.

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