Sun, Yiguo; Stengos, Thanasis; Wang, Dianqin - In: Journal of Applied Econometrics 21 (2006) 5, pp. 629-639
Within the semiparametric framework introduced by Pendakur (1999) we introduce a new loss function to estimate equivalence scales. This loss function uses all available information from the total expenditures of both the reference and nonreference households and as such it produces more reliable...
