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We examine linkages between aggregate household income, distribution of that income, and aggregate cross … household specifications in computational policy models emphasizing household distribution of income. This also yields a …
Persistent link: https://www.econbiz.de/10011338007
This paper investigates the expenditure patterns of South African households using detailed cross-sectional expenditure and price data. Linear expenditure system (LES) parameter estimates are used to calculate income and price elasticities for a number of product categories at different points...
Persistent link: https://www.econbiz.de/10011345034
The paper lists salient characteristics of the certainty theory of consumer choice and discusses the import of prominent empirical analyses of the theory. All of them reject the theory's empirical relevance which suggests that the theory is unfit to analyze consumer choice in an uncertain world....
Persistent link: https://www.econbiz.de/10012661252
Current neoclassical microeconomic theory of rational consumer behavior affirms a unique consumer price-quantity relationship under conditions associated with monopolistic competition. Inverse demand will be just as own-price elastic as demand in the neighborhood of the limit state, while demand...
Persistent link: https://www.econbiz.de/10013313809
We estimate US household monthly elasticities of demand for some of the more popular organic fruits. To our knowledge … elasticity magnitudes tend to be largest in the representative middle-class household. Income elasticities of demand measurements …
Persistent link: https://www.econbiz.de/10012900489
' implicit prices, income and household composition …
Persistent link: https://www.econbiz.de/10014128782
and other socioeconomic factors. The underlying assumption here is that inadequate information on household food …
Persistent link: https://www.econbiz.de/10010194040
Evidence suggests that household responses to price and income changes are significantly sensitive across income levels … use the QUAIDS model to estimate food elasticities with data from the National Expenditure and Household Income Survey …-poor households only to changes in beverage prices. Additionally, changes in household economic welfare due to price increases vary …
Persistent link: https://www.econbiz.de/10012589164
Persistent link: https://www.econbiz.de/10015070166
This paper uses detailed diary information from the British Family Expenditure Survey (FES) to investigate the expenditure patterns of school-age children. We estimate a Quadratic Almost Ideal Demand System, and find that, whilst most commodities are normal goods, sweets and toys are luxury...
Persistent link: https://www.econbiz.de/10011404134