Showing 1 - 7 of 7
Persistent link: https://www.econbiz.de/10012125114
This paper provides shape restrictions for the structural estimation of demand functions derived from a surplus-based model describing the behavior of a population of consumers. I first derive the restrictions that this model imposes on the implied demand function and its inverse. Then, I show...
Persistent link: https://www.econbiz.de/10012847122
Many empirical studies require estimating how consumers substitute across differentiated products. Examples can be found in a wide range of fields of economics, including environmental economics, health care economics, industrial organization, and international trade. In this paper, I propose a...
Persistent link: https://www.econbiz.de/10013321820
Applied researchers commonly use the quasi-linear utility model to study various economic questions. In this paper, I derive the restrictions on the form of the demand function implied by a large set of quasi-linear utility models that describe a utility-maximizing consumer choosing an...
Persistent link: https://www.econbiz.de/10014254104
We consider demand systems for utility-maximizing consumers facing general budget constraints whose utilities are perturbed by additive linear shifts in marginal utilities. Budgets are required to be compact but are not required to be convex. We define demand generating functions (DGF) whose...
Persistent link: https://www.econbiz.de/10013108254
Persistent link: https://www.econbiz.de/10009530148
We consider demand systems for utility-maximizing consumers facing general budget constraints whose utilities are perturbed by additive linear shifts in marginal utilities. Budgets are required to be compact but are not required to be convex. We define demand generating functions (DGF) whose...
Persistent link: https://www.econbiz.de/10012460706