A five percent subsidy is about fifty cents a meal in Chicago, roughly. However, some subsidized diners would have eaten a vegetarian meal with or without the subsidy, so the true cost per meat meal averted would likely be higher—so maybe a dollar or so? So you could predict the cost per farmed animal averted from that, keeping in mind that the demand elasticities aren’t 1:1.
It doesn’t sound terribly promising on my three-minute BOTEC. Notably, much of the displaced meat would be beef, leading to a high cost per 1 cow reduction in demand.
A five percent subsidy is about fifty cents a meal in Chicago, roughly. However, some subsidized diners would have eaten a vegetarian meal with or without the subsidy, so the true cost per meat meal averted would likely be higher—so maybe a dollar or so? So you could predict the cost per farmed animal averted from that, keeping in mind that the demand elasticities aren’t 1:1.
It doesn’t sound terribly promising on my three-minute BOTEC. Notably, much of the displaced meat would be beef, leading to a high cost per 1 cow reduction in demand.