UCL Discovery
UCL home » Library Services » Electronic resources » UCL Discovery

Improving revealed preference bounds on demand responses

Blundell, R; Browning, M; Crawford, I; (2007) Improving revealed preference bounds on demand responses. INTERNATIONAL ECONOMIC REVIEW , 48 (4) 1227 - 1244. Green open access

[img]
Preview
PDF
15869.pdf

Download (259kB)

Abstract

There are three key dimensions by which revealed preference bounds on consumer demand responses can be improved. The first relates to the improvements that arise from using expansion paths for given relative prices, E-bounds. The second concerns the addition of new price information. Thirdly, there are improvements due to assuming separability. Our previous research has examined the first two cases. In this article, we show how to impose separability assumptions within a fully nonparametric analysis and distinguish between weak and homothetic separability. We also apply these ideas to the analysis of demand responses using United Kingdom household level data.

Type: Article
Title: Improving revealed preference bounds on demand responses
Location: Berkeley, CA
Identifier: 10.1111/j.1468-2354.2007.00460.x
Open access status: An open access version is available from UCL Discovery
Additional information: Invalid ISBN 1E 6BT, England read from Web of Science.
Keywords: NONPARAMETRIC-ESTIMATION, CONSUMER DEMAND, ENGEL CURVES, SYSTEMS, ERRORS, MODELS
UCL classification: UCL > Provost and Vice Provost Offices
UCL > Provost and Vice Provost Offices > UCL SLASH
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of SandHS > Dept of Economics
URI: https://discovery.ucl.ac.uk/id/eprint/15869
Downloads since deposit
459Downloads
Download activity - last month
Download activity - last 12 months
Downloads by country - last 12 months

Archive Staff Only

View Item View Item