Distante, Roberta; Verdolini, Elena; Tavoni, Massimo - 2016
production for the case of Italy. We use data from the Household Budget Survey between 2000 and 2010 to estimate a demand system … Exact Affine Stone Index (EASI) demand system provides more robust estimates of price elasticities of each composite good … than the commonly used Almost Ideal Demand System (AIDS). The estimated coefficients are used to perform a welfare analysis …