Recovering the Shadow Value of Nutrients
This article investigates the shadow values of twenty-eight different nutrients. It links the unit price of foods to the shadow values of nutrients by building on a utility theoretic model first proposed by Gorman. Maximum entropy principles are then used to reason consistently about the values of the parameters of interest. The resulting estimates are discussed and analyzed. Copyright 2007, Oxford University Press.
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Volume (Year): 89 (2007)
Issue (Month): 1 ()
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- Beatty, Timothy K. M. & LaFrance, Jeffrey T, 2005.
"U.S. Demand for Food and Nutrition in the 20th Century,"
Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series
qt41f3z7cd, Department of Agricultural & Resource Economics, UC Berkeley.
- Beatty, Timothy K. M. & LaFrance, Jeffrey T, 2005. "U.S. demand for food and nutrition in the 20th century," CUDARE Working Paper Series 1002R, University of California at Berkeley, Department of Agricultural and Resource Economics and Policy, revised Aug 2005.
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- Bera, Anil K. & Bilias, Yannis, 2002. "The MM, ME, ML, EL, EF and GMM approaches to estimation: a synthesis," Journal of Econometrics, Elsevier, vol. 107(1-2), pages 51-86, March.
- Jeffrey T. LaFrance, 1999. "Inferring the Nutrient Content of Food With Prior Information," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 81(3), pages 728-734.
- Silberberg, Eugene, 1985. "Nutrition and the Demand for Tastes," Journal of Political Economy, University of Chicago Press, vol. 93(5), pages 881-900, October.
- Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
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