Showing 1 - 5 of 5
A rank-three demand system is estimated with United States Consumer Expenditure Survey microdata. A unique price data set is also used, which permits the analysis of effects of systematic errors in price variables. It is found that errors in price variables bias test results for the rank-three...
Persistent link: https://www.econbiz.de/10005111356
Persistent link: https://www.econbiz.de/10005770555
General and commodity-specific equivalence scales are estimated with Canadian microdata. The former are identifiable when exact aggregation is imposed. However, these identifiability restrictions can be tested, as can homogeneity and symmetry in the model employed here. Exact aggregation is not...
Persistent link: https://www.econbiz.de/10005035675
A model of consumer behavior is estimated by pooling Canadian cross-sectional and time-series data. In contrast to a similar study by D. W. Jorgenson, L. J. Lau, and T. M. Stoker (1982), exact aggregation, homogeneity, and symmetry are not imposed but are tested. Exact aggregation is rejected....
Persistent link: https://www.econbiz.de/10005271851
A third-order translog is estimated using Canadian cross-sectional micro-data, stratified by four family sizes. Third-order terms and family size are found to be statistically important explanatory variables. Homogeneity and symmetry restrictions are also rejected for the third-order translog,...
Persistent link: https://www.econbiz.de/10005466999