Showing 1 - 10 of 159
Abstract: We propose a method to identify bounds (i.e. set identification) on the sharing rule for a general collective household consumption model. Unlike the effects of distribution factors, it is well known that the level of the sharing rule cannot be uniquely identified without strong...
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Both direct utility function and Frisch cost function representations of demand system rank are derived. The results are used to construct a revealed preference (GARP) type test of rank. They are also used to derive results involving block separability, additive separability, and the class of...
Persistent link: https://www.econbiz.de/10005509517
For vectors x and w, let r(x,w) be a function that can be nonparametrically estimated consistently and asymptotically normally. We provide consistent, asymptotically normal estimators for the functions g and h, where r(x,w) = h[g(x),w], g is linearly homogeneous and h is monotonic in g. This...
Persistent link: https://www.econbiz.de/10005509549
<p><p><p>Consider an observed binary regressor D and an unobserved binary variable D*, both of which affect some other variable Y . This paper considers nonparametric identification and estimation of the effect of D on Y , conditioning on D* = 0. For example, suppose Y is a person's wage, the unobserved...</p></p></p>
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This paper shows that there exists a relatively simple demand model that is consistent with utility maximization, and has nested within it both the almost ideal demand system and translog models. This model is exactly aggregated, then estimated using aggregate U.S. demand data. The results are...
Persistent link: https://www.econbiz.de/10005384763
Let "y" be a vector of endogenous variables and let "w" be a vector of covariates, parameters, and errors or unobservables that together are assumed to determine "y". A structural model <formula format="inline"> <simplemath>"y"&equals;"H"("y", "w") </simplemath> </formula> is complete and coherent if it has a well-defined reduced form, meaning that for any...
Persistent link: https://www.econbiz.de/10005384836