Journal Article

Demand for Prepared Meals by U.S. Households

John L. Park and Oral Capps

in American Journal of Agricultural Economics

Published on behalf of Agricultural and Applied Economics Association

Volume 79, issue 3, pages 814-824
Published in print August 1997 | ISSN: 0002-9092
Published online August 1997 | e-ISSN: 1467-8276 | DOI: http://dx.doi.org/10.2307/1244423
Demand for Prepared Meals by U.S. Households

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Using the 1987–88 NFCS, a Heckman two-stage procedure was used to estimate the demand for prepared meals by U.S. households. Prepared meals were defined as those ready to eat and those ready to cook. Households headed by younger, more educated, and time-constrained managers were more likely to purchase prepared meals. Income elasticities ranged from 0.07 to 0.13, while own-price elasticities ranged from −0.23 to −0.66. Evidence exists to indicate that prepared meals and food-away-from-home are substitutes. The presence of teenagers in a household is positively associated with expenditures of prepared meals.

Keywords: food demand; Heckman procedure; prepared food; prepared meals; D120; L660

Journal Article.  0 words. 

Subjects: Manufacturing ; Household Behaviour and Family Economics

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