Blundell, Richard W.; Horowitz, Joel; Parey, Matthias - In: Quantitative economics : QE ; journal of the … 3 (2012) 1, pp. 29-51
This paper develops a new method for estimating a demand function and the welfare consequences of price changes. The … method is applied to gasoline demand in the United States and is applicable to other goods. The method uses shape … restrictions derived from economic theory to improve the precision of a nonparametric estimate of the demand function. Using data …