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Recovering the Shadow Value of Nutrients


  • Timothy K.M. Beatty


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.

Suggested Citation

  • Timothy K.M. Beatty, 2007. "Recovering the Shadow Value of Nutrients," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 89(1), pages 52-62.
  • Handle: RePEc:oup:ajagec:v:89:y:2007:i:1:p:52-62

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    References listed on IDEAS

    1. 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.
    2. 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..
    3. Kelvin J. Lancaster, 1966. "A New Approach to Consumer Theory," Journal of Political Economy, University of Chicago Press, vol. 74, pages 132-132.
    4. 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.
    5. Golan, Amos & Judge, George G. & Miller, Douglas, 1996. "Maximum Entropy Econometrics," Staff General Research Papers Archive 1488, Iowa State University, Department of Economics.
    6. Silberberg, Eugene, 1985. "Nutrition and the Demand for Tastes," Journal of Political Economy, University of Chicago Press, vol. 93(5), pages 881-900, October.
    7. K. K. Lancaster, 2010. "A New Approach to Consumer Theory," Levine's Working Paper Archive 1385, David K. Levine.
    8. Kuo S. Huang, 1996. "Nutrient Elasticities in a Complete Food Demand System," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 78(1), pages 21-29.
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    Cited by:

    1. Bond, Craig A. & Thilmany, Dawn D. & Bond, Jennifer Keeling, 2008. "What to Choose? The Value of Label Claims to Fresh Produce Consumers," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 33(3), December.
    2. repec:kap:iaecre:v:20:y:2014:i:3:p:249-258 is not listed on IDEAS
    3. Van Wezemael, Lynn & Caputo, Vincenzina & Nayga, Rodolfo M. & Chryssochoidis, George & Verbeke, Wim, 2014. "European consumer preferences for beef with nutrition and health claims: A multi-country investigation using discrete choice experiments," Food Policy, Elsevier, vol. 44(C), pages 167-176.
    4. Rickard, Bradley J. & Gonsalves, Jana L., 2008. "How would compliance with dietary recommendations affect revenues for agricultural producers?," Food Policy, Elsevier, vol. 33(5), pages 422-433, October.
    5. J. Clark & O. Dittrich & Stephen Law & Qin Xu, 2014. "Nutrient Prices and Other Socio-Economic and Health Determinants of the Body Mass Index of Canadians," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 20(3), pages 249-258, August.

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