eprintid: 10092128
rev_number: 18
eprint_status: archive
userid: 608
dir: disk0/10/09/21/28
datestamp: 2021-08-23 17:01:47
lastmod: 2021-11-01 01:51:10
status_changed: 2021-08-23 17:01:47
type: working_paper
metadata_visibility: show
creators_name: Lewbel, A
creators_name: Nesheim, L
title: Sparse demand systems: corners and complements
ispublished: pub
divisions: UCL
divisions: B03
divisions: C03
divisions: F24
keywords: sparse demand, discrete choice, continuous choice, fruit, Tobit model, scanner data, complements
note: This version is the version of record. For information on re-use, please refer to the publisher’s terms and conditions.
abstract: We propose a demand model where consumers simultaneously choose a few different goods from a large menu of available goods, and choose how much to consume of each good. The model nests multinomial discrete choice and continuous demand systems as special cases. Goods can be substitutes or complements. Random coefficients are employed to capture the wide variation in the composition of consumption baskets. Non-negativity constraints produce corners that account for different consumers purchasing different numbers of types of goods. We show semiparametric identification of the model. We apply the model to the demand for fruit in the United Kingdom. We estimate the model’s parameters using UK scanner data for 2008 from the Kantar World Panel. Using our parameter estimates, we estimate a matrix of demand elasticities for 27 categories of fruit and analyze a range of tax and policy change scenarios.
date: 2019-09-23
date_type: published
publisher: Institute for Fiscal Studies
official_url: https://doi.org/10.1920/wp.cem.2019.4519
oa_status: green
full_text_type: pub
language: eng
primo: open
primo_central: open_green
verified: verified_manual
elements_id: 1766777
doi: 10.1920/wp.cem.2019.4519
lyricists_name: Nesheim, Lars
lyricists_id: LNESH46
actors_name: Nesheim, Lars
actors_id: LNESH46
actors_role: owner
full_text_status: public
series: Cemmap Working Paper
number: 45/19
place_of_pub: London, UK
citation:        Lewbel, A;    Nesheim, L;      (2019)    Sparse demand systems: corners and complements.                    (Cemmap Working Paper  45/19). Institute for Fiscal Studies: London, UK.       Green open access   
 
document_url: https://discovery.ucl.ac.uk/id/eprint/10092128/1/CW4519-Sparse-demand-systems-corners-and-complements.pdf