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Heterogeneity in consumer behaviour creates differences in demand responses, which may create problems with aggregation … heterogeneity in both price and income derivatives are significant. We thus expect to experience problems with aggregation when …
Persistent link: https://www.econbiz.de/10011968222
preference heterogeneity, then then the estimated demand is really an average taken over households with different preferences …
Persistent link: https://www.econbiz.de/10014063292
Heterogeneity in consumer behaviour creates differences in demand responses, which may create problems with aggregation … heterogeneity in both price and income derivatives are significant. We thus expect to experience problems with aggregation when …
Persistent link: https://www.econbiz.de/10004980669
A complete system of consumer expenditure functions with 28 commodity groups is modelled and estimated by means of Norwegian household panel data. Measurement errors are carefully modelled. Total consumption expenditure is modelled as a latent variable, purchase expenditures on different goods...
Persistent link: https://www.econbiz.de/10011967921
In this paper, a subsystem of demand equations is estimated using data from the Norwegian survey of household expenditures 1989-1991. One objective has been to obtain substantial knowledge of Norwegian household demand for a set of food groups, with emphasis on price responses, using two...
Persistent link: https://www.econbiz.de/10011967974
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/10014581211
Models of household consumption used to estimate the relative needs of people living in different family types need to take account of economies of household size, price-like substitution effects and the allocation of consumption among the individuals of the household. No existing estimation...
Persistent link: https://www.econbiz.de/10005077071
In this paper we propose a sequential strategy, based on the microeconomic approach of the demand theory, in order to test for separability between private and public consumption. The aim of the present work is to verify, using a conditional almost ideal demand system, whether the different...
Persistent link: https://www.econbiz.de/10005482822
A complete system of consumer expenditure functions with 28 commodity groups is modelled and estimated by means of Norwegian household panel data. Measurement errors are carefully modelled. Total consumption expenditure is modelled as a latent variable, purchase expenditures on different goods...
Persistent link: https://www.econbiz.de/10004980713
In this paper, a subsystem of demand equations is estimated using data from the Norwegian survey of household expenditures 1989-1991. One objective has been to obtain substantial knowledge of Norwegian household demand for a set of food groups, with emphasis on price responses, using two...
Persistent link: https://www.econbiz.de/10004980851