Consumer Purchasing Behavior in Response to Media Coverage of Avian Influenza
Consumer concerns regarding food safety can have substantial impacts on their consumption patterns. Thus, understanding consumer response to food safety information is important for quantifying consumer response to food safety events, predicting market impacts, and developing appropriate risk commun...
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ftagecon:oai:ageconsearch.umn.edu:51742 2024-09-15T17:56:47+00:00 Consumer Purchasing Behavior in Response to Media Coverage of Avian Influenza Beach, Robert H. Zhen, Chen 2017-04-01T19:30:48Z https://doi.org/10.22004/ag.econ.51742 http://ageconsearch.umn.edu/record/51742 https://ageconsearch.umn.edu/record/51742/files/Beach-Zhen_IAAE_Consumer%20Response%20HPAI.pdf eng eng doi:10.22004/ag.econ.51742 https://ageconsearch.umn.edu/record/51742/files/Beach-Zhen_IAAE_Consumer%20Response%20HPAI.pdf http://ageconsearch.umn.edu/record/51742 http://ageconsearch.umn.edu/record/51742 Text 2017 ftagecon https://doi.org/10.22004/ag.econ.51742 2024-07-05T11:09:41Z Consumer concerns regarding food safety can have substantial impacts on their consumption patterns. Thus, understanding consumer response to food safety information is important for quantifying consumer response to food safety events, predicting market impacts, and developing appropriate risk communication strategies. Flexible demand systems have gained much popularity in analyzing effects of food safety outbreaks on consumer demand because of their ability to capture interactions between the demand for substitutable and complementary goods. Using Italian scanner data on meat sales, we show the economic importance of accounting for the impact of avian flu outbreaks on group expenditures for meats in a dynamic Almost Ideal Demand System (AIDS) specification with intertemporally optimizing consumers. Failure to account for this form of expenditure endogeneity results in a substantial understatement of the food safety effect. Text Avian flu AgEcon Search - Research in Agricultural & Applied Economics |
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AgEcon Search - Research in Agricultural & Applied Economics |
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description |
Consumer concerns regarding food safety can have substantial impacts on their consumption patterns. Thus, understanding consumer response to food safety information is important for quantifying consumer response to food safety events, predicting market impacts, and developing appropriate risk communication strategies. Flexible demand systems have gained much popularity in analyzing effects of food safety outbreaks on consumer demand because of their ability to capture interactions between the demand for substitutable and complementary goods. Using Italian scanner data on meat sales, we show the economic importance of accounting for the impact of avian flu outbreaks on group expenditures for meats in a dynamic Almost Ideal Demand System (AIDS) specification with intertemporally optimizing consumers. Failure to account for this form of expenditure endogeneity results in a substantial understatement of the food safety effect. |
format |
Text |
author |
Beach, Robert H. Zhen, Chen |
spellingShingle |
Beach, Robert H. Zhen, Chen Consumer Purchasing Behavior in Response to Media Coverage of Avian Influenza |
author_facet |
Beach, Robert H. Zhen, Chen |
author_sort |
Beach, Robert H. |
title |
Consumer Purchasing Behavior in Response to Media Coverage of Avian Influenza |
title_short |
Consumer Purchasing Behavior in Response to Media Coverage of Avian Influenza |
title_full |
Consumer Purchasing Behavior in Response to Media Coverage of Avian Influenza |
title_fullStr |
Consumer Purchasing Behavior in Response to Media Coverage of Avian Influenza |
title_full_unstemmed |
Consumer Purchasing Behavior in Response to Media Coverage of Avian Influenza |
title_sort |
consumer purchasing behavior in response to media coverage of avian influenza |
publishDate |
2017 |
url |
https://doi.org/10.22004/ag.econ.51742 http://ageconsearch.umn.edu/record/51742 https://ageconsearch.umn.edu/record/51742/files/Beach-Zhen_IAAE_Consumer%20Response%20HPAI.pdf |
genre |
Avian flu |
genre_facet |
Avian flu |
op_source |
http://ageconsearch.umn.edu/record/51742 |
op_relation |
doi:10.22004/ag.econ.51742 https://ageconsearch.umn.edu/record/51742/files/Beach-Zhen_IAAE_Consumer%20Response%20HPAI.pdf http://ageconsearch.umn.edu/record/51742 |
op_doi |
https://doi.org/10.22004/ag.econ.51742 |
_version_ |
1810432987309801472 |