17052017 54 Total expenditure of Italian households 24 components on average

17052017 54 total expenditure of italian households

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17/05/2017 54 Total expenditure of Italian households (2,4 components on average) ° 2360 €/month (2013) Food expenditure ° 461 €/month Large differences among regions: North- West: 469 €/month vs. 2673 North- East: 442 €/month vs. 2725 Centre : 477 €/month vs. 2436 South : 469 €/month vs. 1878 Islands: 427 €/month vs. 1639 Regional consumption Source: ISTAT data 60 65 70 75 % meat consumption 1994 2000 2005 2010 2012 Years Apulia Lombardy Italy % Meat consumption sometimes a week
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17/05/2017 55 30 40 50 60 F&V consumption (%) 1994 2000 2005 2010 2012 Time Apulia Lombardy Italy % Fruit and vegatable consumption more than once a day 45 50 55 60 65 Fish consumption (%) 1994 2000 2005 2010 2012 Years Apulia Lombardy Italy % Fish consumption sometimes a week
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17/05/2017 56 Quality attributes of food products Food attributes Food safety attributes Food-borne pathogens Heavy-metals and toxins Pesticide or drug-residues Food additives, preservatives Spoilage and botulism Irradiation Nutrition attributes Calories Fat and Cholesterol content Sodium and minerals Carbohydrates & Fiber content Proteins Vitamins Intrinsic quality attributes Sensory/Organoleptic attributes Taste and tenderness Color Appearence and blemishes Freshness Softness Smell/Aroma Value/function attributes Size Style Preparation/Convenience Package materials Long shelf life Process attributes Animal welfare Place of origin Traceability Biotechnology Environmental impact Worker safety Fonte: Caswell, Noelke, Mojduszka (2002)
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17/05/2017 57 Test / Measurement indicators Quality management Systems Certification Labelling Minimum Quality Standards Fonte: Caswell, Noelke, Mojduszka (2002) Cues Price Brand Manufacturer name Store name Packaging Advertising Country of origin Distribution outlet Warrenty Reputation Past purchasing experiences Other information Extrinsic quality attributes Food attributes Product attributes Asymmetric Information--> information research done by consumers --> cost-benefit (Stigler, 1961) Food product attribute classification ° information search and quality attributes - search attributes--> can be obtained before purchase - experience attributes --> can be obtained only after purchase - credeance attributes --> nor before nor after
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17/05/2017 58 Time preferences & eating behaviors Time Preferences: Willingness to trade a current utility for a delayed utility ° People’s willingness to accept a larger amount in the future versus a smaller amount sooner TP can be also seen as a measure of impatience . Time preference : how one values the present vs the future High time preferences - High future discounting - Less willing to delay gratification - Present-oriented - Low future discounting - More willing to delay gratification - Future-oriented Low time preferences
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17/05/2017 59 M. Grossman’s ‘ demand for health’ , (1972) . Health is an economic good that everyone inherits at birth, and that depreciates with aging. The depreciation of health capital stock can be offset by: ° direct investments (e.g. medical care) ° indirect investments health behaviours Health behaviours imply a trade-off between a current satisfaction and a future benefit. They represent intertemporal choices in which time preferences have a primary role.
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