Standard consumption theory assumes the maximisation of a consumer's utility function as a function of the quantity of goods consumed. As such, the theory suggests that utility maximisation results in an interior solution. However, there is strong evidence to believe that this is not true. The present paper explores food consumption patterns among the rural smallholder farmer population in Uganda, to see whether these suggest useful ways of welfare rankings, and the extent to which alternative rankings are consistent. The logic of this approach is that by looking at what is consumed and what is not, one has an alternative for the money-metric, which has its own comparative advantages, not least transparency.
|Series||ISS working papers. General series|
- ISS Working Paper-General Series