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Title:Estimation of Household Demand Systems with Theoretically Compatible Engel Curves and Unit Value Specifications PDF Logo
Authors:Preston, Ian
Laisney, François
Crawford, Ian A.
Issue Date:2002
Series/Report no.:ZEW Discussion Papers 97-06 [rev.]
Abstract:We develop a method for estimation of price reactions using unit value data which exploits the implicit links between quantity and unit value choices. This allows us to combine appealing Engel curve specifications with a model of unit value determination in a way which is consistent with demand theory, unlike methods hitherto prominent in the literature. The method is applied to Czech data.
Subjects:Consumer demand
unit values
JEL:D12
D11
older Version:http://hdl.handle.net/10419/24686
Document Type:Working Paper
Appears in Collections:ZEW Discussion Papers
Publikationen von Forscherinnen und Forschern des ZEW

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