Showing 1 - 10 of 213
economic theory to improve the precision of a nonparametric estimate of the demand function. Using data from the U.S. National …This paper develops a new method for estimating the demand function for gasoline and the deadweight loss due to an … Household Travel Survey, we show that the restrictions are consistent with the data on gasoline demand and remove the anomalous …
Persistent link: https://www.econbiz.de/10003838977
from economic theory to improve the precision of a nonparametric estimate of the demand function. Using data from the U …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 U.S. and is applicable to other goods. The method uses shape restrictions derived …
Persistent link: https://www.econbiz.de/10009230288
Persistent link: https://www.econbiz.de/10001738895
Persistent link: https://www.econbiz.de/10003354581
Persistent link: https://www.econbiz.de/10003376080
individual behavior. -- Nonparametric Testing ; Heterogeneity ; Integrability ; Nonseparable Models ; Consumer Demand ; Quantile …
Persistent link: https://www.econbiz.de/10009008722
We provide a tractable characterization of the sharp identification region of the parameters ø in a broad class of incomplete econometric models. Models in this class have set valued predictions that yield a convex set of conditional or unconditional moments for the observable model variables....
Persistent link: https://www.econbiz.de/10008660616
Persistent link: https://www.econbiz.de/10008661721
framework to consumer demand. …
Persistent link: https://www.econbiz.de/10011286494
group rather than the true individual value. In consumer demand this form of measurement error is present because the price … show the importance of such measurement errors for the estimation of demand in a setting with nonseparable unobserved … heterogeneity. We develop a consistent estimator using external information on the true distribution of prices. Examining the demand …
Persistent link: https://www.econbiz.de/10011935703