TY - JOUR
T1 - Obesity, social inequality and economic rationality
T2 - an overview
AU - Dam, Thea
AU - Jensen, Jørgen Dejgård
AU - Kærgård, Niels
PY - 2008
Y1 - 2008
N2 - This paper reviews the economic literature related to obesity and consumer decisions, pursuing the overall question,whether the current obesity epidemic and its social bias can be viewed as a result of rational consumption behaviour. We address a number of potential explanations based on consumers' utility maximisation behaviour, which all may contribute to explain the ongoing rise in obesity prevalence in many western countries. In addition to standard neoclassical explanations of obesity, we discuss moral hazard aspects, the role of network externalities, self-control problems and habitual behaviour. We include all of these aspects of the individual weight decision in a unified theoretical framework and present existing empirical evidence for each effect. Based on our analysis, we discuss the different economic explanations and give suggestions for future research.
AB - This paper reviews the economic literature related to obesity and consumer decisions, pursuing the overall question,whether the current obesity epidemic and its social bias can be viewed as a result of rational consumption behaviour. We address a number of potential explanations based on consumers' utility maximisation behaviour, which all may contribute to explain the ongoing rise in obesity prevalence in many western countries. In addition to standard neoclassical explanations of obesity, we discuss moral hazard aspects, the role of network externalities, self-control problems and habitual behaviour. We include all of these aspects of the individual weight decision in a unified theoretical framework and present existing empirical evidence for each effect. Based on our analysis, we discuss the different economic explanations and give suggestions for future research.
U2 - 10.1080/16507540903034915
DO - 10.1080/16507540903034915
M3 - Journal article
SN - 1650-7541
VL - 5
SP - 124
EP - 137
JO - Acta Agriculturae Scandinavica. Section C. Food Economics
JF - Acta Agriculturae Scandinavica. Section C. Food Economics
IS - 3
ER -