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...
