Hardle, Wolfgang; Hildenbrand, Werner; Jerison, Michael - In: Econometrica 59 (1991) 6, pp. 1525-49
For market demand to satisfy the law of demand, it is sufficient that the mean of all households' income effect matrices is positive definite. The authors show how this mean income effect matrix can be estimated from cross section data under metonymy, an assumption about the distribution of...