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How many consumers are rational?
Hoderlein, Stefan - 2009
validity of the integrability constraints imposed by standard utility maximization, arising in classical consumer demand …
Persistent link: https://www.econbiz.de/10010288416
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How Many Consumers are Rational?
Hoderlein, Stefan - Department of Economics, Boston College - 2009
validity of the integrability constraints imposed by standard utility maximization, arising in classical consumer demand …
Persistent link: https://www.econbiz.de/10008506231
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Regressor Dimension Reduction with Economic Constraints: The Example of Demand Systems with Many Goods
Hoderlein, Stefan; Lewbel, Arthur - Department of Economics, Boston College - 2007
functions in large consumer demand systems, which depend nonlinearly on the prices of many goods. Utility maximization imposes … nonseparable in unobservables. The standard method of achieving dimension reduction in demand systems is to impose strong …
Persistent link: https://www.econbiz.de/10005027818
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Testing multivariate economic restrictions using quantiles: The example of Slutsky negative semidefiniteness
Dette, Holger; Hoderlein, Stefan; Neumeyer, Natalie - 2011
This paper is concerned with testing rationality restrictions using quantile regression methods. Specifically, we consider negative semidefiniteness of the Slutsky matrix, arguably the core restriction implied by utility maximization. We consider a heterogeneous population characterized by a...
Persistent link: https://www.econbiz.de/10010288357
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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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Testing Multivariate Economic Restrictions Using Quantiles: The Example of Slutsky Negative Semidefiniteness
Hoderlein, Stefan; Dette, Holger; Neumeyer, Natalie - Department of Economics, Boston College - 2013
This paper is concerned with testing rationality restrictions using quantile regression methods. Specifically, we consider negative semidefiniteness of the Slutsky matrix, arguably the core restriction implied by utility maximization. We consider a heterogeneous population characterized by a...
Persistent link: https://www.econbiz.de/10010706318
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Estimation of a nonseparable heterogenous demand function with shape restrictions and Berkson errors
Blundell, Richard W.; Horowitz, Joel; Parey, Matthias - 2018
group rather than the true individual value. In consumer demand this form of measurement error is present because the price … show the importance of such measurement errors for the estimation of demand in a setting with nonseparable unobserved … heterogeneity. We develop a consistent estimator using external information on the true distribution of prices. Examining the demand …
Persistent link: https://www.econbiz.de/10011935703
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The triangular model with random coefficients
Hoderlein, Stefan; Holzmann, Hajo; Meister, Alexander - 2015
- and nonparametric sample counterpart estimators in finite and large samples. Finally, we give an application of the … framework to consumer demand. …
Persistent link: https://www.econbiz.de/10011445742
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Structural Measurement Errors in Nonseparable Models
Hoderlein, Stefan; Winter, Joachim - 2009
approach is entirely nonparametric, using Matzkin-type nonseparable models that nest a large class of potential structural …
Persistent link: https://www.econbiz.de/10010427540
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Structural measurement errors in nonseparable models
Hoderlein, Stefan; Winter, Joachim - 2009
approach is entirely nonparametric, using Matzkin-type nonseparable models that nest a large class of potential structural …
Persistent link: https://www.econbiz.de/10003951703