Halvorsen, Bente; Larsen, Bodil M. - In: Applied Economics 45 (2013) 26, pp. 3786-3794
Heterogeneity in consumer behaviour may create problems with aggregation across consumers. If so, we may not be able to make correct inferences about behaviour based on aggregated data. However, using micro estimates to predict aggregate demand responses to policy changes may also create a bias...