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Food and Nutrition EconomicsFundamentals for Health Sciences$
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George C. Davis and Elena L. Serrano

Print publication date: 2016

Print ISBN-13: 9780199379118

Published to Oxford Scholarship Online: November 2017

DOI: 10.1093/oso/9780199379118.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 30 July 2021

Income and the Foundations

Income and the Foundations

Chapter:
(p.47) 3 Income and the Foundations
Source:
Food and Nutrition Economics
Author(s):

George C. Davis

Elena L. Serrano

Publisher:
Oxford University Press
DOI:10.1093/oso/9780199379118.003.0003

Chapter 3 introduces the four foundational building blocks of consumer choice economics in a food and nutrition context, with a focus on income effects. These foundational building blocks are used throughout the book. To solidify concepts, the chapter focuses the discussion here on the very simple case of determining the quantity to consume of one food and one nutrient as income changes. The chapter considers possible changes in food consumption induced by a change in income relative to a nutrient or food recommendation level.

Keywords:   Food–nutrient relationship, budget constraint, health production, hedonic utility, health utility

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