Estimation of household demand systems using unit value data

Ian Crawford; François Laisney; Ian Preston

We develop a method for estimation of price reactions using unit value data which exploits the implicit links between quantity and unit value choices. This allows us to combine appealing Engel curve specifications with a model of unit value determination in a way which is consistent with demand theory, unlike methods hitherto prominent in the literature. The method is applied to Czech data.

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Year of publication:	1997
Authors:	Crawford, Ian
Other Persons:	Laisney, François (contributor) ; Preston, Ian (contributor) ; Laisney, Françios (contributor)
Publisher:	Mannheim : ZEW
Subject:	Konsumtheorie \| Consumption theory \| Regionaler Preisindex \| Regional price index \| Theorie \| Theory \| Schätzung \| Estimation \| Tschechien \| Czech Republic \| Haushalt \| Ausgaben \| Preisänderung \| Verbraucherverhalten \| 1991-1992

Extent:	38 S. graph. Darst.
Series:	Discussion paper. - Mannheim : ZEW, ZDB-ID 1198556-2. - Vol. 97,06
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper
Language:	English
Classification:	D11 - Consumer Economics: Theory ; D12 - Consumer Economics: Empirical Analysis
Source:	ECONIS - Online Catalogue of the ZBW

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