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Reduced-Form Vs. Structural Models of Water Demand Under Non-Linear Prices
Olmstead, Sheila M. - 2008
estimates demand models under block prices and conducts a Monte Carlo experiment to test the small-sample bias of structural and … instrumental variables (IV) estimators. We estimate the price and income elasticity of water demand under increasing-block prices …
Persistent link: https://www.econbiz.de/10014055094
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Aggregation of Non Stationary Demand Systems.
Adda, J.; Robin, J.M. - 1996
This paper studies under which conditions a cross-section regression yields unbiased estimates of the parameters of an individual dynamic model with fixed effects and individual-specific responses to macro shocks.
Persistent link: https://www.econbiz.de/10005641176
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Demographic demand systems with application to equivalence scales estimation and inequality analysis: the Australian evidence.
Blacklow, Paul; Nicholas, Aaron; Ray, Ranjan - School of Economics and Finance, Tasmanian School of … - 2008
This paper proposes and applies an alternative demographic procedure for extending a demand system to allow for the … procedure is applied to two recent demand functional forms to obtain their estimable demographic extensions. The estimation on …
Persistent link: https://www.econbiz.de/10010835569
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Compositional Data Analysis and Zeros in Micro Data
Fry, Jane M.; Fry, Tim R.L.; McLaren, Keith R. - Centre of Policy Studies and Impact Project (COPS), … - 1996
The application of compositional data analysis methods in economics has some attraction. In particular, this methodology ensures that the stochastic component of budget share models will satisfy the restriction of shares to the unit simplex. The methodology relies upon the use of log-ratios in...
Persistent link: https://www.econbiz.de/10005031639
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Subjective model selection rules versus passive model selection rules
Ryu, Hang Keun - In: Economic Modelling 28 (2011) 1, pp. 459-472
regularity condition (positivity, monotonicity, and quasiconcavity) can be imposed. Various well-known functions beginning from …
Persistent link: https://www.econbiz.de/10010577086
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Inverse Demand Systems for Composite Liquid Assets: Evidence from China
Wong, Gary; Yu, Qiao - School of Economics and Finance, Business School - 2001
regularity features of the MAIIDS, and show that demand patterns of liquid assets across different income groups in China are …This paper applies the concept of inverse demands and its related scale and substitution effects to model the demand … for liquid assets in China. We also propose a new model, termed the Modified Almost Ideal Inverse Demand System (MAIIDS …
Persistent link: https://www.econbiz.de/10005416603
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A Flexible Test for Present Bias and Time Preferences using Land-Lease Contracts
Gautier, Pieter A.; van Vuuren, Aico - 2011
When agents have present bias, they discount more between now and thenext period than between period t ( 1) and t + 1. How fast the future discount rate (evaluated today) decays is an empirical question. Weshow that the discount function can be non-parametrically identified withcontracts that...
Persistent link: https://www.econbiz.de/10010326398
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Identifying the independent sources of consumption variation
Barigozzi, Matteo; Moneta, Alessio - 2012
By representing a system of budget shares as an approximate factor model we determine its rank, i.e. the number of common functional forms, or factors and we estimate a base of the factor space by means of approximate principal components. We assume that the extracted factors span the same space...
Persistent link: https://www.econbiz.de/10010328560
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Debt overhang and deleveraging in the US household sector: gauging the impact on consumption
Albuquerque, Bruno; Krustev, Georgi - 2015
Using a novel dataset for the US states, this paper examines whether household debt and the protracted debt deleveraging help explain the dismal performance of US consumption since 2007 in the aftermath of the housing bubble. By separating the concepts of deleveraging and debt overhang - a flow...
Persistent link: https://www.econbiz.de/10011605888
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Expenditure Levels, Prices and Consumption Patterns in a Cross-Sectioin of Countries
Stehrer, Robert - 2001
the analysis of demand structures in a cross-section of 52 countries. The paper describes the patterns of consumption … be relatively cheaper in low income countries. Two models of demand are tested econometrically. The Workings model uses … countries. Further the Almost Ideal Demand System (AIDS), which is a quite flexible framework for estimating consumption …
Persistent link: https://www.econbiz.de/10012099847