Blundell, R;
Kristensen, D;
Matzkin, R;
(2014)
Bounding quantile demand functions using revealed preference inequalities.
Journal of Econometrics
, 179
(2)
pp. 112-127.
10.1016/j.jeconom.2014.01.005.
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Abstract
This paper develops a new approach to the estimation of consumer demand models with unobserved heterogeneity subject to revealed preference inequality restrictions. Particular attention is given to nonseparable heterogeneity. The inequality restrictions are used to identify bounds on counterfactual demand. A nonparametric estimator for these bounds is developed and asymptotic properties are derived. An empirical application using data from the UK Family Expenditure Survey illustrates the usefulness of the methods.
Type: | Article |
---|---|
Title: | Bounding quantile demand functions using revealed preference inequalities |
Open access status: | An open access version is available from UCL Discovery |
DOI: | 10.1016/j.jeconom.2014.01.005 |
Publisher version: | http://dx.doi.org/10.1016/j.jeconom.2014.01.005 |
Language: | English |
Additional information: | © 2014. This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/ |
Keywords: | Consumer behavior, Revealed preference, Bounds, Quantile regression |
UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL SLASH UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Economics |
URI: | https://discovery.ucl.ac.uk/id/eprint/1474232 |
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