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Erscheinungsjahr: 
2022
Schriftenreihe/Nr.: 
IFN Working Paper No. 1431
Verlag: 
Research Institute of Industrial Economics (IFN), Stockholm
Zusammenfassung: 
The mixed-demand model allows for very flexible specification of what should be considered endogenous and exogenous in demand system estimation. This paper introduces a revealed preference framework to analyze the mixed-demand model. The proposed methods can be used to test whether observed data (with measurement errors) are consistent with the mixed-demand model and calculate goodness-of-fit measures. The framework is purely non-parametric in the sense that it does not require any functional form assumptions on the direct or indirect utility functions. The framework is applied to demand data for food and provides the first nonparametric empirical analysis of the mixed-demand model.
Schlagwörter: 
Innovation
Adoption
Market structure
Competition
Specialization
Experimentation
Upstream oil and gas markets
North Sea
JEL: 
O33
Q40
D40
Dokumentart: 
Working Paper

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