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Meat Demand under Rational Habit Persistence

  • Zhen, Chen
  • Wohlgenant, Michael K.

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.

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File URL: http://purl.umn.edu/19145
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Paper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2005 Annual meeting, July 24-27, Providence, RI with number 19145.

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Date of creation: 2005
Handle: RePEc:ags:aaea05:19145
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