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Chapter 68 Models of Aggregate Economic Relationships that Account for Heterogeneity
Blundell, Richard; Stoker, Thomas M. - In: Handbook of econometrics : volume 6A, (pp. 4609-4666). 2007
, consumption growth and wealth, and labor participation and wages. Each area involves treatment of heterogeneity and nonlinearity … at the individual level. Three types of heterogeneity are highlighted: heterogeneity in individual tastes, heterogeneity … in income and wealth risks, and heterogeneity in market participation. Work in each area is illustrated using results …
Persistent link: https://www.econbiz.de/10014024947
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Biases in consumer elasticities based on micro and aggregate data : an integrated framework and empirical evaluation
Denton, Frank T.; Mountain, Dean C. - 2015
Policy analysis frequently requires estimates of aggregate (or mean) consumer elasticities. However, estimates are often made incorrectly, based on elasticity calculations at mean income. We provide in this paper an overall integrated analytical framework that encompasses these biases and...
Persistent link: https://www.econbiz.de/10010498377
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Price elasticities of meat, fish and plant-based meat substitutes : evidence from store-level Dutch supermarket scanner data
Liu, Zhaoxin; Ansink, Erik - 2024
Reducing meat consumption has become a global policy target due to rising environmental, health, and animal welfare concerns. We provide novel evidence on how price change in real life affects grocery shopping behavior in the Netherlands. We focus on price-induced behavioral response among major...
Persistent link: https://www.econbiz.de/10014577918
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Testing multivariate economic restrictions using quantiles : the example of Slutsky negative semidefiniteness
Dette, Holger; Hoderlein, Stefan; Neumeyer, Natalie - In: Journal of econometrics 191 (2016) 1, pp. 129-144
Persistent link: https://www.econbiz.de/10011594650
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Best nonparametric bounds on demand responses
Blundell, Richard W.; Browning, Martin James; Crawford, Ian - 2005
This paper uses revealed preference inequalities to provide tight nonparametric bounds on consumer responses to price changes. Price responses are allowed to vary nonparametrically across the income distribution by exploiting microdata on consumer expenditures and incomes over a finite set of...
Persistent link: https://www.econbiz.de/10008700152
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Does umbrella branding really work? : investigating cross-category brand loyalty
Silberhorn, Nadja; Hildebrandt, Lutz - 2012
Numerous studies on the drivers of brand extension success [Aaker and Keller, 1990, Broniarczyk and Alba, 1994, Hem et al., 2003, Völckner and Sattler, 2006] found evidence that parent-brand characteristics and the fit between parent brand and transfer product are the main and most influential...
Persistent link: https://www.econbiz.de/10009526638
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Welfare Effects of Food Desubsidization for Iranian Urban Households
Khosravinejad, Aliakbar - 2014
Designing a system of policies for basic goods subsidy adjustments and welfare effects of subsidy reduction widely accentuate by Iranian policy makers and economists. This article tries to answer to the one of the main questions of this matter such as, "What the equivalent amount of money for...
Persistent link: https://www.econbiz.de/10013070263
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The use of web-scraped data to analyze the dynamics of footwear prices
Juszczak, Adam - In: Journal of economics & management 43 (2021) 1, pp. 251-269
Aim/purpose - Web-scraping is a technique used to automatically extract data from websites. After the rise-up of online shopping, it allows the acquisition of information about prices of goods sold by retailers such as supermarkets or internet shops. This study examines the possibility of using...
Persistent link: https://www.econbiz.de/10013166658
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Index of Perceived Inflation or EU Consumer Surveys? An Assessment of Professor H. W. Brachinger's Approach
Hoffmann, Johannes - 2007
This paper discusses an index of perceived inflation developed by Brachinger. Brachinger's index is not based on a survey and measurement of consumers' price perception. It is a model calculation derived from a number of more or less plausible ad hoc assumptions. We find that the results of...
Persistent link: https://www.econbiz.de/10012778424
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The Quality Adjusted Price Index in the Pure Characteristics Demand Model
Song, Minjae - 2009
This paper computes a quality adjusted price index for the personal computer CPU from 1996 to 2000. The index is based on the pure characteristics demand model. I first compute the quality adjusted price index for the whole market, and show that it is very comparable with the hedonic price index...
Persistent link: https://www.econbiz.de/10012764922