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We propose a demand model where consumers simultaneously choose a few different goodsfrom a large menu of available goods, and choose how much to consume of each good. Themodel nests multinomial discrete choice and continuous demand systems as special cases.Goods can be substitutes or...
Persistent link: https://www.econbiz.de/10012101423
of their practical importance for the measurement of inequality and poverty, a large number of methods for the estimation … estimate are close to the modified OECD scale. Calculating the Gini coefficient, we find that the at-risk-of-poverty rate and … inequality and poverty. We conclude that differences in estimation methods for equivalence scales might be less important than …
Persistent link: https://www.econbiz.de/10011764530
show the importance of such measurement errors for the estimation of demand in a setting with nonseparable unobserved …
Persistent link: https://www.econbiz.de/10011935703
parametric and nonparametric components. The estimation procedures are introduced for both cases, under integrability …
Persistent link: https://www.econbiz.de/10012712967
This paper considers the estimation and testing of demand systems when the number of sample goods is smaller than the …-up condition. This test, however, requires the estimation of a demand system in quantity format …
Persistent link: https://www.econbiz.de/10013106264
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In empirical demand, industrial organization, and labor economics, prices are often unobserved or unobservable since they may only be recorded when an agent transacts. In the absence of any additional information, this partial observability of prices is known to lead to a number of identi?cation...
Persistent link: https://www.econbiz.de/10011284225
demand system estimation. This paper introduces a revealed preference framework to analyze the mixed-demand model. The …
Persistent link: https://www.econbiz.de/10013193324
Persistent link: https://www.econbiz.de/10014364360
Demand Systems parameterized by a unique taste parameter. Linear heterogeneity allows GMM estimation of the structural …
Persistent link: https://www.econbiz.de/10014037696