Campus Units

Economics

Document Type

Article

Publication Version

Published Version

Publication Date

2010

Journal or Book Title

American Journal of Agricultural Economics

Volume

92

Issue

2

First Page or Article ID Number

506

Last Page

521

DOI

10.1093/ajae/aaq007

Abstract

Agricultural economists first carried out demand studies in order to understand determinants of farm prices and incomes. The shift to a focus on consumer welfare began with studies of the role of food and food assistance in standards of living. Now the profession is more concerned with how information and quality attributes influence consumer behavior. Agricultural economists’ empirical work in this field has informed the development of household production theory, hedonic price theory, definitions of poverty thresholds, complete demand systems, and survey and experimental techniques to elicit preferences.

JEL Classification

B21, D12, Q11, Q18

Comments

This is an article from American Journal of Agricultural Economics 92 (2010): 506, doi: 10.1093/ajae/aaq007.

Rights

Works produced by employees of the U.S. Government as part of their official duties are not copyrighted within the U.S. The content of this document is not copyrighted.

Language

en

File Format

application/pdf

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