Indonesia has been experiencing rising animal source food prices during the last five years (decade). In this paper we explore how changes of animal source food prices impact on their demand Indonesia 2016 as expressed in income and price elasticities. Take into account for changes in...

The household's demand analysis is very crucial in the sense that undernourishment negatively affects productivity. Food demand is crucial to gauge the household's ability or willingness to purchase/consume different food commodities. The study attempts to analyze the household's food demand in...

This study uses the Quadratic Almost Ideal Demand System to estimate food demand among Filipino households. Our study uses the recently released 2018 Family Income and Expenditure Survey and the Stone-Lewbel price index in the absence of price data on food groups. Results show that demand for...

The paper seeks to analyze residential energy use patterns and the price and energy expenditure responsiveness of household demand for residential energy in Ghana, using GLSS 7 data, the multivariate probit model, and the Quadratic Almost Ideal Demand System (QUAIDS) model. The study focuses on...

Faced with food supply disruptions due in part to geopolitics and political instability in its traditional food source markets in the Kingdom of Saudi Arabia and the United Arab Emirates, Qatar - a wealthy, highly import-dependent open economy - plans to identify a set of alternative markets...

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...

In this paper, I show that the "Bayesian inversion" of demand, which is defined as the posterior distribution of random utilities given realized choices, can replace Berry, Levinsohn, and Pakes (1995)’ "mean utility inversion" and radically simplify the estimation of discrete choice models...

Using international holdings data, we estimate a demand system for financial assets across 36 countries. The demand system provides a unified framework for decomposing variation in exchange rates, long-term yields, and stock prices; interpreting major economic events such as the European...

This paper examines the construction of a price index based on an estimated demand system. In principle the method examined can produce a price index that accounts for introduction of new products and quality changes in existing products. However, I isolate two key assumptions that have to be...

Carbon taxation is a regressive policy which contributes to public opposition towards same. We employ the Exact Affine Stone Index demand system to examine the extent to which carbon taxation in Ireland reduces emissions, as well as its distributional impacts. The Engel curves for various...

Using an estimated demand model, we simulate household-level demand responses to the recent Slovak VAT reform and its hypothetical alternatives. We use simulation results, instead of the standard approximate measures, for constructing an improved efficiency indicator of tax reforms as a ratio of...

Evidence suggests that household responses to price and income changes are significantly sensitive across income levels and rural-urban location. In this paper, we focus on poor households vs. non-poor households using two definitions of poverty, objective and subjective. We evaluate the...

Increasing the production of organic food is becoming an important environmental target for many governments, and consumer demand for organic food is pivotal in reaching these targets. This paper studies consumer demand for organic and conventional milk, using weekly scanner data from the...

Fluctuations in income and population are imperative elements for changing the structure of food demand. In perspective of the significance of food demand examination for provinces of Pakistan, thisstudy investigatesthe demand elasticities and household consumption behaviour both at the...

The paper lists salient characteristics of the certainty theory of consumer choice and discusses the import of prominent empirical analyses of the theory. All of them reject the theory's empirical relevance which suggests that the theory is unfit to analyze consumer choice in an uncertain world....

In a seminal paper, Feenstra (1994) developed an instrumental variable estimator which is becoming increasingly popular for estimating demand elasticities. Soderbery (2015) extended this estimator and created a routine which was shown to be more robust to data outliers when the number of time...

Evidence suggests that household responses to price and income changes are significantly sensitive across income levels and rural-urban location. In this paper, we focus on poor households vs. non-poor households using two definitions of poverty, objective and subjective. We evaluate the...

When researchers and policymakers conduct impact analyses of economic reforms, especiallyfiscal reforms, the specification of the household demand system becomes crucial. There is atrade-off between using demand systems simple to manipulate but less realistic and othersystems that are more...

This paper is a revised version of a keynote address delivered at the inaugural International Industrial Organization Conference in Boston, April 2003. I argue that new econometric tools have facilitated the estimation of models with realistic theoretical underpinnings, and because of this, have...

We empirically investigate the relevance of multi-homing in two-sided markets. First, we build a micro-founded structural econometric model that encompasses demand for differentiated products and allows for multi-homing on both sides of themarket. We then use an original dataset on the Italian...

We empirically investigate the relevance of multi-homing in two-sided markets. First, we build a micro-founded structural econometric model that encompasses demand for differentiated products and allows for multi-homing on both sides of the market. We then use an original dataset on the Italian...

This study examined food demand response to rising food prices among farm households in Nigeria using the three waves of the General Household Survey (Panel) conducted between 2010 and 2016. Analysis was within the Quadratic Almost Ideal Demand System framework from which price elasticities and...

This paper uses detailed diary information from the British Family Expenditure Survey (FES)to investigate the expenditure patterns of school-age children. We estimate a Quadratic Almost Ideal Demand System, and find that, whilst most commodities are normal goods, sweets and toys are luxury items...

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...

We empirically investigate the relevance of multi-homing in two-sided markets. First, we build a micro-founded structural econometric model that encompasses demand for differentiated products and allows for multi-homing on both sides of the market. We then use an original dataset on the Italian...

In this work we present an equilibrium formulation for price impacts. This is motivated by the Buhlmann equilibrium in which assets are sold into a system of market participants and can be viewed as a generalization of the Esscher premium. Existence and uniqueness of clearing prices for the...