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The mixed-demand model allows for very flexible specification of what should be considered endogenous and exogenous in demand system estimation. This paper introduces a revealed preference framework to analyze the mixed-demand model. The proposed methods can be used to test whether observed data...
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We study the long-run evolution of brand preferences, using new data on consumers' life histories and purchases of consumer packaged goods. Variation in where consumers have lived in the past allows us to isolate the causal effect of past experiences on current purchases, holding constant...
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We study the long-run evolution of brand preferences, using new data on consumers' life histories and purchases of consumer packaged goods. Variation in where consumers have lived in the past allows us to isolate the causal effect of past experiences on current purchases, holding constant...
Persistent link: https://www.econbiz.de/10012462389
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We provide a generalized revealed preference test for quasi-linear preferences. The test applies to nonlinear budget sets and nonconvex preferences and can be used in contexts such as taxation and nonlinear pricing. We use this test to evaluate the prevalence of quasi-linear preferences in a...
Persistent link: https://www.econbiz.de/10014105919