Estimation of Demand Functions Using Cross-Sectional Household Data: The Problem Revisited

A procedure that corrects for selectivity bias is proposed to estimate demand functions using cross-sectional data under the assumption that prices vary across households. This procedure, which extends the work by Cox and Wohlgenant, includes a two-equation system of expenditure and unit value functions. This model is applied to household expenditures for beef steaks and roasts. Copyright 1998, Oxford University Press.

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Year of publication:	1998
Authors:	Dong, Diansheng ; Shonkwiler, J.S. ; Capps, Oral
Published in:	American Journal of Agricultural Economics. - Agricultural and Applied Economics Association - AAEA. - Vol. 80.1998, 3, p. 466-473
Publisher:	Agricultural and Applied Economics Association - AAEA

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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