Article

Food Consumption and Health

Fabrice Etilé

in The Oxford Handbook of the Economics of Food Consumption and Policy

Published in print September 2011 | ISBN: 9780199569441
Published online November 2012 | | DOI: http://dx.doi.org/10.1093/oxfordhb/9780199569441.013.0030

Series: Oxford Handbooks in Economics

 Food Consumption and Health

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This article reviews the economic literature on the causes and consequences of current trends in food-related chronic diseases (FRCD) from a policy evaluation viewpoint. It focuses on policy interventions on the consumer side in developed countries. It recalls some key facts regarding historical trends in nutrition and FRCD, and highlights individual heterogeneity that is hidden behind aggregate trends. Some estimates of the medical and human capital costs of FRCD are also provided. It then considers the normative rationales for public intervention: market failures, such as the presence of externalities; and failures of consumer rationality. This article brings together some of the available empirical evidence regarding price and information policies and proposes some directions for future research.

Keywords: food-related chronic diseases; nutrition; price; human capital costs; consumer rationality

Article.  15014 words. 

Subjects: Economics ; Health, Education, and Welfare ; Microeconomics

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