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Recovering the Shadow Value of Nutrients

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  • Timothy K.M. Beatty

Abstract

This article investigates the shadow values of twenty-eight different nutrients. It links the unit price of foods to the shadow values of nutrients by building on a utility theoretic model first proposed by Gorman. Maximum entropy principles are then used to reason consistently about the values of the parameters of interest. The resulting estimates are discussed and analyzed. Copyright 2007, Oxford University Press.

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  • Timothy K.M. Beatty, 2007. "Recovering the Shadow Value of Nutrients," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 89(1), pages 52-62.
    • Handle: RePEc:oup:ajagec:v:89:y:2007:i:1:p:52-62
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    File URL: http://hdl.handle.net/10.1111/j.1467-8276.2007.00962.x
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    References listed on IDEAS

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    1. Bera, Anil K. & Bilias, Yannis, 2002. "The MM, ME, ML, EL, EF and GMM approaches to estimation: a synthesis," Journal of Econometrics, Elsevier, vol. 107(1-2), pages 51-86, March.
    2. Golan, Amos & Judge, George G. & Miller, Douglas, 1996. "Maximum Entropy Econometrics," Staff General Research Papers Archive 1488, Iowa State University, Department of Economics.
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    4. Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
    5. Kelvin J. Lancaster, 1966. "A New Approach to Consumer Theory," Journal of Political Economy, University of Chicago Press, vol. 74(2), pages 132-132.
    6. Beatty, Timothy K. M. & LaFrance, Jeffrey T, 2005. "U.S. Demand for Food and Nutrition in the 20th Century," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt41f3z7cd, Department of Agricultural & Resource Economics, UC Berkeley.
    7. Silberberg, Eugene, 1985. "Nutrition and the Demand for Tastes," Journal of Political Economy, University of Chicago Press, vol. 93(5), pages 881-900, October.
    8. Jeffrey T. LaFrance, 1999. "Inferring the Nutrient Content of Food With Prior Information," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 81(3), pages 728-734.
    9. W. M. Gorman, 1980. "A Possible Procedure for Analysing Quality Differentials in the Egg Market," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 47(5), pages 843-856.
    10. Kuo S. Huang, 1996. "Nutrient Elasticities in a Complete Food Demand System," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 78(1), pages 21-29.
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    Cited by:

    1. Bond, Craig A. & Thilmany, Dawn D. & Bond, Jennifer Keeling, 2008. "What to Choose? The Value of Label Claims to Fresh Produce Consumers," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 33(3), pages 1-26.
    2. Van Wezemael, Lynn & Caputo, Vincenzina & Nayga, Rodolfo M. & Chryssochoidis, George & Verbeke, Wim, 2014. "European consumer preferences for beef with nutrition and health claims: A multi-country investigation using discrete choice experiments," Food Policy, Elsevier, vol. 44(C), pages 167-176.
    3. Robertson R.B. Khataza & Atakelty Hailu & Graeme J. Doole & Marit E. Kragt & Arega D. Alene, 2019. "Examining the relationship between farm size and productive efficiency: a Bayesian directional distance function approach," Agricultural Economics, International Association of Agricultural Economists, vol. 50(2), pages 237-246, March.
    4. Schneider, Kate R., 2022. "Nationally representative estimates of the cost of adequate diets, nutrient level drivers, and policy options for households in rural Malawi," Food Policy, Elsevier, vol. 113(C).
    5. Pardey, Philip G. & Beddow, Jason M. & Hurley, Terrance M. & Beatty, Timothy K.M. & Eidman, Vernon R., 2014. "The International Agricultural Prospects Model: Assessing Consumption and Production Futures Through 2050 (version 2.1)," Staff Papers 182192, University of Minnesota, Department of Applied Economics.
    6. Rickard, Bradley J. & Gonsalves, Jana L., 2008. "How would compliance with dietary recommendations affect revenues for agricultural producers?," Food Policy, Elsevier, vol. 33(5), pages 422-433, October.
    7. J. Clark & O. Dittrich & Stephen Law & Qin Xu, 2014. "Nutrient Prices and Other Socio-Economic and Health Determinants of the Body Mass Index of Canadians," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 20(3), pages 249-258, August.
    8. Wright, Melissa A. & Beatty, Timothy K.M. & Chouinard, Hayley H., 2020. "Do firms leverage the FDA nutrient label rounding rules to generate favorable nutrition fact panels or health claims?," Food Policy, Elsevier, vol. 91(C).

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