Relative prices, consumer preferences, and the demand for food

被引：16

作者：

Griffith, Rachel ^{[1
,2
]}

O'Connell, Martin ^{[1
,3
]}

Smith, Kate ^{[1
,3
]}

机构：

[1] Inst Fiscal Studies, London, England

[2] Univ Manchester, Manchester M13 9PL, Lancs, England

[3] UCL, London WC1E 6BT, England

来源：

OXFORD REVIEW OF ECONOMIC POLICY | 2015年 / 31卷 / 01期

基金：

英国经济与社会研究理事会; 欧洲研究理事会;

关键词：

prices; preferences; COST PASS-THROUGH; WHOLESALE;

D O I：

10.1093/oxrep/grv004

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Shocks to world commodity prices and the depreciation of sterling led to a large increase in the price of food in the UK. It also resulted in large changes in the relative prices of different foods. We document these changes, and consider how they affected the composition of households' shopping baskets. We isolate the impact of changes in relative food prices from variation in preferences using data on purchasing decisions made by a representative panel of British households. We show that changes in relative food prices led to a worsening in the nutritional quality of households' shopping baskets, though this was partially mitigated by offsetting changes in preferences.

引用

页码：116 / 130

页数：15

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