The Econometrics of Demand Systems With Applications to Food Demand
This book contains some of the results from the research project "Demand for Food in the Nordic Countries", which was initiated in 1988 by Professor Olof Bolin of the Agricultural University in Ultuna, Sweden and by Professor Karl Iohan Weckman, of the Un
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Advanced Studies in Theoretical and Applied Econometrics Volume 34
Managing Editors:
A.J. Hughes Hallet, University of Strathclyde, Glasgow, United Kingdom J. Marquez, The Federal Reserve System, Washington, D.C., US.A. Editorial Board: F.G. Adams, University of Pennsylvania, Philadelphia, US.A. P. Balestra, University of Geneva, Switzerland M.G. Dagenais, University of Montreal, Canada D. Kendrick, University of Texas, Austin, US.A. J.H.P. Paelinck, Netherlands Economic Institute, Rotterdam, The Netherlands R.S. Pindyck, Sloane School of Management, M.I. T., US.A. H. Theil, University of Florida, Gainesviffe, US.A. W. Welfe, University of Lodz, Poland
The titles published in this series are listed at the end of this volume.
The Econometrics of Demand Systems With Applications to Food Demand in the Nordic Countries by
David L. Edgerton Lund University, Sweden
Bengt Assarsson Uppsa[a University, Sweden
Anders Hummelmose Landbocentret, Bronders[ev, Denmark
Ilkka P. Laurila University oj Helsinki, Finland, and Agricu[tura[ Economics Research Institute, Helsinki, Finland
Kyrre Rickertsen Agricu[tura[ University oj Norway, As, Norway
Per Halvor Vale Agricu[tura[ University oj Norway, As, Norway
" ~.
KLUWER ACADEMIC PUBLISHERS DORDRECHT / BOSTON / LONDON
Distributors for North America: Kluwer Academic Publishers 101 Philip Drive Assinippi Park Norwell, Massachusetts 02061 USA Distributors for all other countries: Kluwer Academic Publishers Group Distribution Centre Post Office Box 322 3300 AH Dordrecht, THE NETHERLANDS Library of Congress Cataloging-in-Publication Data The econometrics of demand systems : with applications to food demand in the Nordic countries / by David L. Edgerton ... [et al.]. p. cm. -- (Advanced studies in theoretical and applied econometrics ; 34) Includes index. ISBN-13: 978-1-4612-8545-8 DOl: 10.1007/978-1-4613-1277-2
e-ISBN-13: 978-1-4613-1277-2
1. Food industry and trade--Scandinavia--Econometric models. 2. Food supply--Scandinavia--Econometric models. 3. Demand (Economic theory)--Econometric models. I. Edgerton, David L. II. Series. HD9015.S342E27 1996 339.4'86413'00948--dc20 96-23237 CIP
Copyright
©
1996 by Kluwer Academic Publishers
Softcover reprint of the hardcover 1st edition 1996 All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, mechanical, photo-copying, recording, or otherwise, without the prior written permission of the publisher, Kluwer Academic Publishers, 101 Philip Drive, Assinippi Park, Norwell, Massachusetts 02061. Printed on acid-free paper.
CONTENTS
Glossary
ix
Preface
xi
Part I: A Model/or Food Consumption in the Nordic Countries 1
Introduction
3
2
The Consumption of Food in The Nordic Countries 2.1 Introduction 7 2.2 The Data 9 2.3 Real Consumption, Relative Prices and Budget Shares 2.4 Physical Quantities 26 Appendices 29
7 12
3
Consumer Demand Theory 3.1 Introduction 55 3.2 Preferences and Utility Maximisation 55 3.3 Duality and Consumer Demand 56
