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This paper examines the robustness of Deaton’s widely used method for estimating consumer responses. While unit values, ratios of expenditures to quantities purchased, are often employed in demand analysis as proxies for missing market prices, Deaton argues bias is likely to result as a...
Persistent link: https://www.econbiz.de/10004975894
Persistent link: https://www.econbiz.de/10004975899
This paper illustrates two empirical approaches to the measurement of multidimensional inequality. The first approach is based on the analysis of the independent distribution of monetary and nonmonetary welfare attributes. The second approach considers pair-wise joint distributions of those...
Persistent link: https://www.econbiz.de/10004975903