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Lookup NU author(s): Dr Abigail Tiffin
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This paper reports the results of the estimation of Almost Ideal Demand Systems (AIDS) for UK food demand using time series data from the National Food Survey. A Bayesian approach is used to impose curvature restrictions in the model. The aim is to obtain estimates of Hicksian, Marshallian and expenditure demand elasticities for UK food which are fully consistent with static optimisation bg consumers. Overall, the results concur with expectations as aggregate food demand is both Price and income inelastic and individual food categories are mostly price and income inelastic. The notable exception being meal, specifically pork, beef and chicken.
Author(s): Tiffin A, Tiffin R
Publication type: Article
Publication status: Published
Journal: Journal of Agricultural Economics
Year: 1999
Volume: 50
Issue: 1
Pages: 140-147
Print publication date: 01/01/1999
ISSN (print): 0021-857X
ISSN (electronic): 1477-9552
Publisher: John Wiley & Sons, Inc
URL: http://dx.doi.org/10.1111/j.1477-9552.1999.tb00800.x
DOI: 10.1111/j.1477-9552.1999.tb00800.x
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