Meat Demand Systems with Demographic Effects based on Consumer Unit Scale
2012
Kim, B.H., Konkuk University, Seoul, Republic of Korea
The objective of the paper addresses two issues that have not been sufficiently examined in the literature. The first one concerns the interpretation of the consumer unit scales in the context of utility maximization. Although some efforts has been made in the direction, there is a need to refresh this approach in order to throw new lights on the relative preferences of household members in empirical investigations. The second issue is to find how the traditional approach has some attractive characteristics. This study can be fruitful to analyze the influence of interested socioeconomic factors on household meat consumption pattern. This paper has shown that in the context of the traditional approach, the unit scales are identifiable without extraneous information.
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