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Any demand equation satisfying Lau’s (1982) Fundamental Theorem of Exact Aggregation and is 0 homogeneous in prices …
Persistent link: https://www.econbiz.de/10009203613
the third-order terms, and also test regularity conditions such as homogeneity and symmetry restrictions of the …-order terms are statistically significant which means that they are important determinant of consumer demand. But we reject the …
Persistent link: https://www.econbiz.de/10005119067
Credit affects individuals' perceptions and experiences of inequality. Having access to credit enables those in lower- and middle-income groups to consume an array of products and services that they otherwise would not be able to afford, thereby taking the edge off discontent. Citizens with...
Persistent link: https://www.econbiz.de/10012937084
We provide a concise introduction to a household-panel data infrastructure that provides the international research community with longitudinal data of private households in Germany since 1984: the German Socio-Economic Panel (SOEP). We demonstrate the comparative strength of the SOEP data in...
Persistent link: https://www.econbiz.de/10014429870
We theoretically study how social information affects agents' search behavior and the resulting observable outcomes that identify search models. We generalize canonical empirical search models by allowing a share of agents in the population to observe some peers' choices. Social information...
Persistent link: https://www.econbiz.de/10014237005
This paper considers tests of misspecification in a heteroscedastic transformation model. We derive Lagrange multiplier (LM) statistics for (i) testing functional form and heteroscedasticity jointly, (ii) testing functional form in the presence of heteroscedasticity, and (iii) testing...
Persistent link: https://www.econbiz.de/10005342139
This paper considers tests of misspecification in a heteroscedastic transformation model. We derive Lagrange multiplier (LM) statistics for (i) testing functional form and heteroscedasticity jointly, (ii) testing functional form in the presence of heteroscedasticity, and (iii) testing...
Persistent link: https://www.econbiz.de/10005702706
We investigate how, in temporary economic hardship, agents change their consumption of health services, and how this depends on whether the service is universally free-of-charge visits to GP's or privately co-financed dental care. We find that own expenditures for dental care decrease. The...
Persistent link: https://www.econbiz.de/10011450026
We investigate how, in temporary economic hardship, agents change their consumption of health services, and how this depends on whether the service is universally free-of-charge visits to GP's or privately co-financed dental care. We find that own expenditures for dental care decrease. The...
Persistent link: https://www.econbiz.de/10013001305
This document introduce the obtained results of the econometric estimation of cement demand and supply in Bolivia … considered as a simultaneous equations model, based on two equations, one for the demand and another for the supply. The … cement demand and supply to be able to explain the coefficients associated to the variables in form of elasticities. The …
Persistent link: https://www.econbiz.de/10005408000