Abstract
This paper focuses on the market for substances that affect health. Diet and environmental exposure to substances are becoming increasingly important due to growing demand for better health and an increase in supply of substances that affect health. Important demand factors include the increase in knowledge of health impinging substances, effects of income growth on the demand for health, and the increase in the opportunity cost of time.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Antonovitz, Frances and Terry Roe. 1988. A Theoretical and Empirical Approach to the Value of Information in Risky Markets: A Reply. Review of Economics and Statistics 70 (3): 545–547.
DeGroot, Morris. 1970. Optimal Statistical Decisions. New York: McGraw-Hill.
Federation of American Societies for Experimental Biology. 1988. Estimation of Exposure to Substances in the Food Supply. Report prepared for the Center for Food Safety and Applied Nutrition, Food and Drug Administration, Department of Health and Human Services, No. FDA 223–84–2059.
Guenther, P. M. and C. A. Chandler. 1981. Nutrients in Foods at Home and Away. Family Economics Review Summer:4–9.
Hanock, Giora. 1977. Risk Aversion and Consumer Preferences. Econometrica 45 (2): 413–426.
Hess, James. 1982. Risk and the Gain from Information. Journal of Economic Theory 27: 231–238.
Ippolito, Pauline. 1988. The Economics of Information in Consumer Markets: What Do We Know? What Do We Need to Know? In The Frontier of Research in the Consumer Interest, ed. E. Scott Maynes, 235–263. Columbia, Missouri: American Council on Consumer Interests.
Kihlstrom, Richard. 1974. A General Theory of Demand for Information about Product Quality. Journal of Economic Theory 8: 413–439.
Magnusson, Gudmundur. 1969. Production Risk: A Theoretical Study. Uppsala, Sweden: Almquist and Wiksells Boktryckeri.
Marschak, J. and K. Miyasawa. 1968. Economic and Comparability of Information Systems. International Economic Review 9: 137–174.
Morgan, K. J. and B. Goungetas. 1986. Snacking and Eating Away from Home. In What Is America Eating? Proceedings of Symposium, Food and Nutrition Board, Commission on Life Sciences, National Research Council. Washington, D.C.: National Academy Press.
Negishi, T. 1960. Welfare Economics and the Existence of an Equilibrium for a Competitive Economy. Metroeconomica 12: 92–97.
Pitt, M. and M. R. Rosenzweig. 1986. Agricultural Prices, Food Consumption, the Health and Productivity of Indonesian Farmers. In Agricultural Households Model, ed. I. Singh, L. Squire, and J. Strauss, 153–182. Baltimore, Maryland: The Johns Hopkins University Press.
Pope, Rulon. 1985. The Impact of Information on Consumer Preferences. In Proceedings of Research on Effectiveness of Agricultural Commodity Promotion Seminar, 69–79. USDA, Economic Research Service, Washington, D.C.
Senauer, Benjamin. 1979. The Effect of Demographic Shifts and Changes in the Income Distribution on Food-Away-From-Home Expenditures. American Journal of Agricultural Economics 61 (5): 1046–1057.
Stiglitz, Joseph E. 1985. Information and Economic Analysis: A Perspective. Economic Journal 95 (Supplement): 21–41.
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 1991 Elsevier Science Publishing Co., Inc.
About this chapter
Cite this chapter
Falconi, C., Roe, T. (1991). A Model of the Demand and Supply of the Health Effects of Food Substances. In: Caswell, J.A. (eds) Economics of Food Safety. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-7076-5_3
Download citation
DOI: https://doi.org/10.1007/978-94-011-7076-5_3
Publisher Name: Springer, Dordrecht
Print ISBN: 978-94-011-7078-9
Online ISBN: 978-94-011-7076-5
eBook Packages: Springer Book Archive