Estimation of household demand systems with theoretically compatible Engel curves and unit value specifications

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:	[2002]
Authors:	Crawford, Ian ; Laisney, François ; Preston, Ian
Publisher:	[Mannheim] : [ZEW, Zentrum für Europäische Wirtschaftsforschung GmbH]
Subject:	Consumer demand \| unit values

Extent:	1 Online-Ressource (circa 34 Seiten)
Series:	ZEW discussion papers. - Mannheim : ZEW, ZDB-ID 2125128-9. - Vol. no. 97, 06 [rev.]
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	German
Other identifiers:	hdl:10419/24235 [Handle]
Classification:	D11 - Consumer Economics: Theory ; D12 - Consumer Economics: Empirical Analysis
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011860853