The McDonald's Equilibrium: Advertising, Empty Calories, and the Endogenous Determination of Dietary Preferences
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Trenton G. Smith, 2004. "The McDonald’s Equilibrium. Advertising, empty calories, and the endogenous determination of dietary preferences," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 23(3), pages 383-413, December.
References listed on IDEAS
- Hirshleifer, Jack, 1985. "The Expanding Domain of Economics," American Economic Review, American Economic Association, vol. 75(6), pages 53-68, December.
- Paul M. Romer, 2000.
"Thinking and Feeling,"
American Economic Review, American Economic Association, vol. 90(2), pages 439-443, May.
- Romer, Paul M., 2000. "Thinking and Feeling," Research Papers 1618, Stanford University, Graduate School of Business.
- Stigler, George J., 2011.
"Economics of Information,"
Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 5, pages 35-49.
- George J. Stigler, 1961. "The Economics of Information," Journal of Political Economy, University of Chicago Press, vol. 69, pages 213-213.
- Arthur J. Robson, 2002. "Evolution and Human Nature," Journal of Economic Perspectives, American Economic Association, vol. 16(2), pages 89-106, Spring.
- J. J. McCall, 1970. "Economics of Information and Job Search," The Quarterly Journal of Economics, Oxford University Press, vol. 84(1), pages 113-126.
- Milgrom, Paul & Roberts, John, 1986.
"Price and Advertising Signals of Product Quality,"
Journal of Political Economy, University of Chicago Press, vol. 94(4), pages 796-821, August.
- Paul R. Milgrom & John Roberts, 1984. "Price and Advertising Signals of Product Quality," Cowles Foundation Discussion Papers 709, Cowles Foundation for Research in Economics, Yale University.
- Charles Stuart, 1981. "Consumer Protection in Markets with Informationally Weak Buyers," Bell Journal of Economics, The RAND Corporation, vol. 12(2), pages 562-573, Autumn.
- Rogers, Alan R, 1994. "Evolution of Time Preference by Natural Selection," American Economic Review, American Economic Association, vol. 84(3), pages 460-481, June.
- George J. Stigler, 1945. "The Cost of Subsistence," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 27(2), pages 303-314.
- Robson, Arthur J., 1996. "A Biological Basis for Expected and Non-expected Utility," Journal of Economic Theory, Elsevier, vol. 68(2), pages 397-424, February.
- Hirshleifer, Jack, 1977.
"Economics from a Biological Viewpoint,"
Journal of Law and Economics, University of Chicago Press, vol. 20(1), pages 1-52, April.
- Jack Hirshleifer, 1977. "Economics from a Biological Viewpoint," UCLA Economics Working Papers 087, UCLA Department of Economics.
- Jacobson, M.F. & Brownell, K.D., 2000. "Small taxes on soft drinks and snack foods to promote health," American Journal of Public Health, American Public Health Association, vol. 90(6), pages 854-857.
- Richard R. Nelson & Sidney G. Winter, 2002. "Evolutionary Theorizing in Economics," Journal of Economic Perspectives, American Economic Association, vol. 16(2), pages 23-46, Spring.
- Klamer, Arjo, 1989. "A Conversation with Amartya Sen," Journal of Economic Perspectives, American Economic Association, vol. 3(1), pages 135-150, Winter.
- John Conlisk, 1996. "Why Bounded Rationality?," Journal of Economic Literature, American Economic Association, vol. 34(2), pages 669-700, June.
- Hirshleifer, Jack, 1973.
"Where Are We in the Theory of Information?,"
American Economic Review, American Economic Association, vol. 63(2), pages 31-39, May.
- Jack Hirshleifer, 1972. "Where are we in tyhe Theory of Information," UCLA Economics Working Papers 029, UCLA Department of Economics.
- George A. Akerlof, 1970. "The Market for "Lemons": Quality Uncertainty and the Market Mechanism," The Quarterly Journal of Economics, Oxford University Press, vol. 84(3), pages 488-500.
- Smith, Trenton G, 2002. "Obesity and Nature's Thumbprint: How Modern Waistlines Can Inform Economic Theory," University of California at Santa Barbara, Economics Working Paper Series qt31g1m028, Department of Economics, UC Santa Barbara.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Berg, Nathan & Kim, Jeong-Yoo, 2010. "Demand for Self Control: A model of Consumer Response to Programs and Products that Moderate Consumption," MPRA Paper 26593, University Library of Munich, Germany.
- Etilé, Fabrice, 2009. "Compte rendu d'ouvrage - Fat Economics: Nutrition, Health, and Economic Policy," Review of Agricultural and Environmental Studies - Revue d'Etudes en Agriculture et Environnement (RAEStud), Institut National de la Recherche Agronomique (INRA), vol. 90(3).
- Etilé, Fabrice, 2009.
"Compte rendu d'ouvrage - Fat Economics: Nutrition, Health, and Economic Policy,"
Review of Agricultural and Environmental Studies - Revue d'Etudes en Agriculture et Environnement (RAEStud),
Institut National de la Recherche Agronomique (INRA), vol. 0(Issue 3).
- Fabrice Etilé, 2009. "Compte rendu d'ouvrage - Fat Economics: Nutrition, Health, and Economic Policy," Review of Agricultural and Environmental Studies - Revue d'Etudes en Agriculture et Environnement, INRA Department of Economics, vol. 90(3), pages 343-346.
- Perez Truglia, Ricardo Nicolas, 2009. "On the genesis of Hedonic Adaptation," MPRA Paper 19929, University Library of Munich, Germany.
- Levy, Amnon, 2007. "A theoretical analysis of rational diet of healthy and junk foods," Economics Working Papers wp07-01, School of Economics, University of Wollongong, NSW, Australia.
- Trenton G. Smith & Attila Tasnádi, 2014.
"The Economics of Information, Deep Capture, and the Obesity Debate,"
American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 96(2), pages 533-541.
- Trenton G. Smith & Attila Tasnadi, 2013. "The Economics of Information, Deep Capture, and the Obesity Debate," Working Papers 1315, University of Otago, Department of Economics, revised Nov 2013.
- Venturini, Luciano, 2006. "Food and Health: A European Perspective," Conference Papers 6684, University of Minnesota, Center for International Food and Agricultural Policy.
- Parreño-Selva, Josefa & Mas-Ruiz, Francisco J. & Ruiz-Conde, Enar, 2017. "The effects of price promotion on relative virtue and vice food products," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 20(5).
- Michael W. Mehaffy, 2018. "Neighborhood “Choice Architecture”: A New Strategy for Lower-Emissions Urban Planning?," Urban Planning, Cogitatio Press, vol. 3(2), pages 113-127.
- Trenton Smith & Hayley Chouinard & Philip Wandschneider, 2009.
"Waiting for the Invisible Hand: Market Power and Endogenous Information in the Modern Market for Food,"
Working Papers
2009-07, School of Economic Sciences, Washington State University.
- Trenton Smith & Hayley Chouinard & Philip Wandschneider, 2009. "Waiting for the Invisible Hand: Market Power and Endogenous Information in the Modern Market for Food," Working Papers 2009-07, School of Economic Sciences, Washington State University.
- Irz, Xavier & Mazzocchi, Mario & Réquillart, Vincent & Soler, Louis-Georges, 2015.
"Research in Food Economics: past trends and new challenges,"
Revue d'Etudes en Agriculture et Environnement, Editions NecPlus, vol. 96(01), pages 187-237, March.
- Xavier IRZ & Mario MAZZOCCHI & Vincent RÉQUILLART & Louis-Georges SOLER, 2015. "Research in Food Economics: past trends and new challenges," Review of Agricultural and Environmental Studies - Revue d'Etudes en Agriculture et Environnement, INRA Department of Economics, vol. 96(1), pages 187-237.
- IRZ, Xavier & MAZZOCCHI, Mario & REQUILLART, Vincent & SOLER, Louis-Georges, 2015. "Research in Food Economics: past trends and new challenges," Review of Agricultural and Environmental Studies - Revue d'Etudes en Agriculture et Environnement (RAEStud), Institut National de la Recherche Agronomique (INRA), vol. 96(1), March.
- Xavier Irz & Mario Mazzocchi & Vincent Requillart & Louis-Georges Soler, 2015. "Research in Food Economics: past trends and new challenges," Post-Print hal-01884941, HAL.
- Barone, Adriana & O'Higgins, Niall, 2010.
"Fat and out in Salerno and its province: Adolescent obesity and early school leaving in Southern Italy,"
Economics & Human Biology, Elsevier, vol. 8(1), pages 44-57, March.
- Barone, Adriana & O'Higgins, Niall, 2009. "Fat and Out in Salerno and Province: Adolescent Obesity and Early School Leaving in Southern Italy," IZA Discussion Papers 4229, Institute of Labor Economics (IZA).
- Jo, Jisung & Lusk, Jayson L. & Muller, Laurent & Ruffieux, Bernard, 2016.
"Value of parsimonious nutritional information in a framed field experiment,"
Food Policy, Elsevier, vol. 63(C), pages 124-133.
- Jisung Jo & Jayson L. Lusk & Laurent Muller & Bernard Ruffieux, 2016. "Value of parsimonious nutritional information in a framed field experiment," Post-Print hal-01458424, HAL.
- Jo, Jisung & Lusk, Jayson & Muller, Laurent & Ruffieux, Bernard, 2016. "Value of parsimonious nutritional information in a framed field experiment," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 235476, Agricultural and Applied Economics Association.
- Graham, Hope E. & Vestal, Mallory K. & Guerrero, Bridget L., 2015. ""Go-Slow-Whoa!": Will Nutritional Information Influence Adolescent Food Choices and Lead to a Healthier Generation?," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 206007, Agricultural and Applied Economics Association.
- Boizot-Szantai, Christine & Etile, Fabrice, 2005. "The Food Prices / Body Mass Index Relationship: Theory and Evidence from a Sample of French Adults," 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark 24734, European Association of Agricultural Economists.
- Smith, Trenton G. & Tasnadi, Attila, 2007.
"A theory of natural addiction,"
Games and Economic Behavior, Elsevier, vol. 59(2), pages 316-344, May.
- Trenton G. Smith & Attila Tasnádi, 2005. "A Theory of Natural Addiction," Microeconomics 0503006, University Library of Munich, Germany.
- Smith, Trenton G. & Tasnadi, Attila, 2005. "A Theory of Natural Addiction," 2005 Annual meeting, July 24-27, Providence, RI 19195, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Smith Trenton G. & Stoddard Christiana & Barnes Michael G, 2009.
"Why the Poor Get Fat: Weight Gain and Economic Insecurity,"
Forum for Health Economics & Policy, De Gruyter, vol. 12(2), pages 1-31, June.
- Trenton Smith & Christiana Stoddard & Michael G. Barnes, 2007. "Why the Poor Get Fat: Weight Gain and Economic Insecurity," Working Papers 2007-16, School of Economic Sciences, Washington State University.
- Réquillart, Vincent & Soler, Louis-Georges & Zang, Yu, 2016.
"Quality standards versus nutritional taxes: Health and welfare impacts with strategic firms,"
Journal of Health Economics, Elsevier, vol. 50(C), pages 268-285.
- Réquillart, Vincent & Soler, Louis-Georges & Zang, Yu, 2015. "Quality standards versus nutritional taxes: Health and welfare impacts with strategic firms," TSE Working Papers 15-594, Toulouse School of Economics (TSE), revised Sep 2016.
- Smith, Trenton G. & Chouinard, Hayley H. & Wandschneider, Philip R., 2011.
"Waiting for the invisible hand: Novel products and the role of information in the modern market for food,"
Food Policy, Elsevier, vol. 36(2), pages 239-249, April.
- Trenton Smith & Hayley Chouinard & Philip Wandschneider, 2009. "Waiting for the Invisible Hand: Novel Products and the Role of Information in the Modern Market for Food," Working Papers 2009-07, School of Economic Sciences, Washington State University.
- Thunström, Linda, 2007.
"The Marginal Willingness-to-Pay for Health Related Food Characteristics,"
Umeå Economic Studies
724, Umeå University, Department of Economics.
- Thunström, Linda, 2007. "The Marginal Willingness-to-Pay for Health Related Food Characteristics," HUI Working Papers 12, HUI Research.
- Trenton Smith, 2009.
"Reconciling psychology with economics: Obesity, behavioral biology, and rational overeating,"
Journal of Bioeconomics, Springer, vol. 11(3), pages 249-282, December.
- Trenton Smith, 2006. "Reconciling Psychology with Economics - Obesity, Behavioral Biology, and Rational Overeating," Working Papers 2006-4, School of Economic Sciences, Washington State University.
- Just, David R. & Mancino, Lisa & Wansink, Brian, 2007. "Could Behavioral Economics Help Improve Diet Quality for Nutrition Assistance Program Participants?," Economic Research Report 6391, United States Department of Agriculture, Economic Research Service.
- Young H. Lee & Trenton G. Smith, 2008. "Why Are Americans Addicted To Baseball? An Empirical Analysis Of Fandom In Korea And The United States," Contemporary Economic Policy, Western Economic Association International, vol. 26(1), pages 32-48, January.
- Adriana Barone & Cristian Barra, 2022. "Weight Status and Depression in Italy: Evidence from the Second Wave of the European Health Interview Survey," Journal of Interdisciplinary Economics, , vol. 34(2), pages 193-227, July.
- Babutsidze, Zakaria & Cowan, Robin, 2009. "Inertia, Interaction and Clustering in Demand," MERIT Working Papers 2009-045, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Smith, Trenton G. & Tasnadi, Attila, 2007.
"A theory of natural addiction,"
Games and Economic Behavior, Elsevier, vol. 59(2), pages 316-344, May.
- Trenton G. Smith & Attila Tasnádi, 2005. "A Theory of Natural Addiction," Microeconomics 0503006, University Library of Munich, Germany.
- Smith, Trenton G. & Tasnadi, Attila, 2005. "A Theory of Natural Addiction," 2005 Annual meeting, July 24-27, Providence, RI 19195, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Smith, Trenton G, 2002. "Obesity and Nature's Thumbprint: How Modern Waistlines Can Inform Economic Theory," University of California at Santa Barbara, Economics Working Paper Series qt31g1m028, Department of Economics, UC Santa Barbara.
- Thomas J. Brennan & Andrew W. Lo & Ruixun Zhang, 2018. "Variety Is the Spice of Life: Irrational Behavior as Adaptation to Stochastic Environments," Quarterly Journal of Finance (QJF), World Scientific Publishing Co. Pte. Ltd., vol. 8(03), pages 1-39, September.
- Trenton Smith, 2009.
"Reconciling psychology with economics: Obesity, behavioral biology, and rational overeating,"
Journal of Bioeconomics, Springer, vol. 11(3), pages 249-282, December.
- Trenton Smith, 2006. "Reconciling Psychology with Economics - Obesity, Behavioral Biology, and Rational Overeating," Working Papers 2006-4, School of Economic Sciences, Washington State University.
- Dekel, Eddie & Scotchmer, Suzanne, 1999.
"On the Evolution of Attitudes towards Risk in Winner-Take-All Games,"
Journal of Economic Theory, Elsevier, vol. 87(1), pages 125-143, July.
- Dekel, E. & Scotchmer, S., 1999. "On the Evolution of Attitudes Towards Risk in Winner-Take-All Games," Papers 4-99, Tel Aviv.
- Sendhil Mullainathan & Joshua Schwartzstein & Andrei Shleifer, 2008.
"Coarse Thinking and Persuasion,"
The Quarterly Journal of Economics, Oxford University Press, vol. 123(2), pages 577-619.
- Sendhil Mullainathan & Joshua Schwartzstein & Andrei Shleifer, 2006. "Coarse Thinking and Persuasion," NBER Working Papers 12720, National Bureau of Economic Research, Inc.
- Shleifer, Andrei & Mullainathan, Sendhil & Schwartzstein, Joshua, 2008. "Coarse Thinking and Persuasion," Scholarly Articles 11022284, Harvard University Department of Economics.
- Ingela Alger & Jörgen W. Weibull, 2019.
"Evolutionary Models of Preference Formation,"
Annual Review of Economics, Annual Reviews, vol. 11(1), pages 329-354, August.
- Alger, Ingela & Weibull, Jörgen W., 2018. "Evolutionary Models of Preference Formation," IAST Working Papers 18-82, Institute for Advanced Study in Toulouse (IAST).
- Alger, Ingela & Weibull, Jörgen W., 2018. "Evolutionary Models of Preference Formation," TSE Working Papers 18-955, Toulouse School of Economics (TSE).
- Andrew W. Lo & H. Allen Orr & Ruixun Zhang, 2018. "The growth of relative wealth and the Kelly criterion," Journal of Bioeconomics, Springer, vol. 20(1), pages 49-67, April.
- Lars Behrenz, 2001.
"Who Gets the Job and Why? an Explorative Study of Employers'recruitment Behavior,"
Journal of Applied Economics, Taylor & Francis Journals, vol. 4(2), pages 255-278, November.
- Lars Behrenz, 2001. "Who Gets The Job And Why? An Explorative Study Of Employersâ’ Recruitment Behavior," Journal of Applied Economics, Universidad del CEMA, vol. 4, pages 255-278, November.
- Griffith, Garry R., 1978. "An Ex Ante Evaluation of the National Pig Carcase Measurement and Information Service," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 46(03), pages 1-22, December.
- Garcia, René, 1986. "La théorie économique de l’information : exposé synthétique de la littérature," L'Actualité Economique, Société Canadienne de Science Economique, vol. 62(1), pages 88-109, mars.
- Pope, Rulon D., 1985. "The Impact Of Information On Consumer Preferences," Research on Effectiveness of Agricultural Commodity Promotion, April 9-10, 1985, Arlington, Virginia 279489, Regional Research Projects > NECC-63: Research Committee on Commodity Promotion.
- Alvi, Eskander, 1998. "Fairness and self-interest: An assessment," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 27(2), pages 245-261.
- Samuli Leppälä, 2015.
"Economic Analysis Of Knowledge: The History Of Thought And The Central Themes,"
Journal of Economic Surveys, Wiley Blackwell, vol. 29(2), pages 263-286, April.
- Samuli Leppälä, 2012. "Economic Analysis Of Knowledge: The History Of Thought And The Central Themes," Center for the History of Political Economy Working Paper Series 2012-05, Center for the History of Political Economy.
- Moshe Levy, 2022. "An evolutionary explanation of the Allais paradox," Journal of Evolutionary Economics, Springer, vol. 32(5), pages 1545-1574, November.
- J. Barkley Rosser, 2003. "A Nobel Prize for Asymmetric Information: The economic contributions of George Akerlof, Michael Spence and Joseph Stiglitz," Review of Political Economy, Taylor & Francis Journals, vol. 15(1), pages 3-21.
- Thomas Holtfort, 2019. "From standard to evolutionary finance: a literature survey," Management Review Quarterly, Springer, vol. 69(2), pages 207-232, June.
- Bernard Paulré, 2001. "Enjeux et dilemmes de l'économie cognitive," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00135486, HAL.
- Clément Mazet-Sonilhac, 2021. "In search of frictions [Les frictions informationnelles dans les marchés du crédit et des biens]," SciencePo Working papers tel-03439354, HAL.
- Karsten Mause, 2009. "Too Much Competition in Higher Education? Some Conceptual Remarks on the Excessive‐Signaling Hypothesis," American Journal of Economics and Sociology, Wiley Blackwell, vol. 68(5), pages 1107-1133, November.
More about this item
Keywords
McDonald's Equilibrium; Advertising; Empty Calories; Dietary Preferences;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cdl:ucsbec:qt0hx9x4jr. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: . General contact details of provider: https://edirc.repec.org/data/educsus.html .
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Lisa Schiff (email available below). General contact details of provider: https://edirc.repec.org/data/educsus.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.