Showing 51 - 60 of 28,158
<p>This paper shows that a power utility specification of preferences over total expenditure (ie. CRRA preferences) implies that intratemporal demands are in the PIGL/PIGLOG class. This class generates (at most) rank two demand systems and we can test the validity of power utility on cross-section...</p>
Persistent link: https://www.econbiz.de/10005509462
This paper considers the long-run effects of BSE on meat consumption in the United Kingdom using data from the Expenditure and Food Survey. We estimate a dynamic AIDS demand system of household food consumption, with long-run effects captured via an adstock index of adverse media coverage. The...
Persistent link: https://www.econbiz.de/10005581145
This paper provides estimates of gender specific demand systems related to the demand for market goods, household products and leisure. The estimated sharing rule has been obtained using a structural form approach. The estimates illustrate how the household structure and working conditions...
Persistent link: https://www.econbiz.de/10005187668
This chapter is an up-to-date survey of the state-of-the art in consumer demand analysis. We review (and evaluate) advances in a number of related areas, in the spirit of the recent survey paper by Barnett and Serletis (2008). In doing so, we only deal with consumer choice in a static framework,...
Persistent link: https://www.econbiz.de/10005057402
In a multivariate varying-coefficient model, the response vectors Y are regressed on known functions u(X) of some explanatory variables X and the coefficients in an unknown regression matrix q(Z) depend on another set of explanatory variables Z. We provide statistical tests, called local and...
Persistent link: https://www.econbiz.de/10005059479
Consider a multivariate nonparametric model where the unknown vector of functions depends on two sets of explanatory variables. For a fixed level of one set of explanatory variables, we provide consistent statistical tests, called local rank tests, to determine whether the multivariate...
Persistent link: https://www.econbiz.de/10005059491
This paper shows that a power utility specification of preferences over total expenditure (ie. CRRA preferences) implies that intratemporal demands are in the PIGL/PIGLOG class. This class generates (at most) rank two demand systems and we can test the validity of power utility on cross-section...
Persistent link: https://www.econbiz.de/10005113888
This paper examines the combined effects of changes in prices, income and demographic composition on adult and young, male and female members of households. The recently developed Quadratic Almost Ideal Demand System (QUAIDS) is used since a demand system provides a unified framework for...
Persistent link: https://www.econbiz.de/10005118808
Private demand systems provide a practical application for analyzing identification issues in cointegration analysis. The paper conducts Montecarlo simulation experiments of cointegrated demand systems by assuming non-separability of government consumption. This framework enables further to test...
Persistent link: https://www.econbiz.de/10005749238
This chapter is an up-to-date survey of the state-of-the art in consumer demand analysis. We review (and evaluate) advances in a number of related areas, in the spirit of the recent survey paper by Barnett and Serletis (2008). In doing so, we only deal with consumer choice in a static framework,...
Persistent link: https://www.econbiz.de/10005626866