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Information and Food Prices

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  • Roger E. Alcaly

Abstract

This paper uses a model of search to derive testable hypotheses about the relationships among the distributions of prices which prevail in areas whose residents have different income levels. The hypotheses are examined by using data obtained from a comprehensive survey of food prices conducted in New York City during the summer of 1967. As expected on the basis of the theoretical analysis the partial elasticity of search for lower prices of the ith commodity by residents of the jth regions with respect to the income of the residents of region j was found to be an increasing function of the income elasticities of the various commodities, even when search activity is approximated by the means and standard deviations of prevailing prices.

Suggested Citation

  • Roger E. Alcaly, 1976. "Information and Food Prices," Bell Journal of Economics, The RAND Corporation, vol. 7(2), pages 658-671, Autumn.
    • Handle: RePEc:rje:bellje:v:7:y:1976:i:autumn:p:658-671
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    Cited by:

    1. Muller, Christophe, 2002. "Prices and living standards: evidence for Rwanda," Journal of Development Economics, Elsevier, vol. 68(1), pages 187-203, June.
    2. Christophe Muller, 2022. "Poverty Measurement under Income and Price Dispersions," AMSE Working Papers 2204, Aix-Marseille School of Economics, France.
    3. Lashawn Richburg Hayes, 2000. "Do the Poor Pay More? An Empirical Investigation of Price Dispersion in Food Retailing," Working Papers 825, Princeton University, Department of Economics, Industrial Relations Section..
    4. Christophe Muller, 2022. "Poverty Measurement under Income and Price Dispersions," Working Papers hal-03612841, HAL.
    5. Lashawn Richburg Hayes, 2000. "Do the Poor Pay More? An Empirical Investigation of Price Dispersion in Food Retailing," Working Papers 825, Princeton University, Department of Economics, Industrial Relations Section..
    6. Agrawal, Jagdish & Grimm, Pamela E. & Srinivasan, Narasimhan, 1994. "Quantity Surcharges on Groceries," Research Reports 25179, University of Connecticut, Food Marketing Policy Center.

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