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Unformatted text preview: price of calories and increases demand for calories. Cross-price Effects Result 4: With an incomplete food market and controlling for the income effect we would expect increasing access to land, which lowers the shadow calorie price, to have a negative impact on non-food consumption and a positive impact on food consumption. x m A = x m y y A + x m p c p c A Result 5: Controlling for the income effect we would expect increasing access to land, by lowering the shadow price of food, to have a negative impact on purchased calorie consumption and a positive effect on own produced calorie consumption. Development Economics, LSE Summer School 2007 90...
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- Spring '10