Publication Date
2011
Recommended Citation
Levy, Amnon, Physiological, Gastronomic and Budgetary Aspects and the Diets of Perfectly and Imperfectly Lifetime-Rational Consumers, Department of Economics, University of Wollongong, Working Paper 02-11, 2011, 20.
https://ro.uow.edu.au/commwkpapers/230
Abstract
This paper analyzes the qualitative and quantitative deviations of rational consumers from their physiologically optimal diets with a distinction between a nutritionally and digestively superior food and a taste and price superior food. The inclusion of a cause-and-effect relationships of these quantitative and qualitative deviations with ageing, craving, digestive discomfort, health-dependent budget, non-food consumption and utility, uncertainty about food’s classification and imperfect dynamic consideration and sophistication adds realistic features to the analysis of rational eating and junk-food tax.